As the rumored release date for iPhone 5 near rumors are really starting to pick up.  Today technology blog MacRumors reported a new rumor of an iCloud based iPhone.  This would be the “light” model that would be priced at a more affordable $100.  This model would most likely contain almost no onboard storage minus what the OS runs on, much like the current Apple TV.  It will probably have the same ram and processor as the iPhone 4 as well.  I’ll also take this time to give my opinion on what we may see for the iPhone 5 “full version”.  I believe we’re going to be seeing 32 and 64 GB of flash storage, a larger screen, 1 GB ram, and a redesigned casing.  I can’t stress enough, do not buy an iPhone at this time.   It is a bad investment. These iPhone 5′s will probably be out in the September to October time range.

Do you want to see a iCloud based iPhone? How about a iPhone “light”? Leave a comment down below!