This June 17 post report out of Digitimes, one of the best sources for Apple (AAPL) rumors appears to be correct. The most likely prospect is a Qualcomm (QCOM) dual mode Code Division Multiple Access (CDMA)/Global System for Mobile Communications (GSM) phone that will allow the iPhone to be used on CDMA carriers. Apple has an event coming up, October 20th, to talk about the next generation "Back to the Mac" so it's possible we could get "one more thing" out of Steve Jobs announcing the next version on Sprint (S) and or Verizon (VZ).
Adding more meat to the Verizon rumors, we have the iPad now available on Verizon. With this chip, both Verizon and Sprint customers will now be able to use the iPhone. While T-Mobile in the US uses GSM, its band is a bit unusual and it's not clear to me it will be workable on their network.
Things I know: This will finally address some of the long term strategic concerns over the growth of Android and Google's (GOOG) gains in advertising. It probably won't slow down Google's advance, but it will allow Apple to stay in the game from a market share perspective.
Things I am not sure of? What will the roll out look like in terms of carriers? Will Sprint and T-Mobile have to wait or will they roll out in Q1?