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Drumbeats get louder: New iPhone in September

Looks like the recent round of new iPhone rumors we recently wrote about has legs to it.

Deutsche Bank's Chris Whitmore told clients in a note sent out Monday morning to expect an iPhone 5 as well as an iPhone 4S. He wrote that with Nokia and RIMM both "struggling," now's the the time "for Apple to aggressively penetrate the mid range smart-phone market (i.e. $300-500 category) to dramatically expand its [total addressable market] and market share."

Whitmore's musings follow on the heels of a note circulated a day earlier by Morgan Stanley's Katy Huberty, who

If any of this turns out to be true, then kudos go to Bloomberg, which first reported that Apple planned a new iPhone for a September launch which would include a more powerful A5 processor (the same one Apple added to the iPad 2 this year) as well as an 8-megapixel camera, compared with the current 5-megapixel model in the iPhone 4.

Of course, this is something akin to Hemingway's movable feast - for the geek squad - which seemingly never tires of the guessing game. If you want to keep current on the latest news, a good resource to check out is this CNET: iPhone 5 rumor roundup.