Boy Genius Report has linked a YouTube video a firm called GlobalDirectParts put together to show parts of the next generation iPhone.
There are several key differences between the iPhone 4 parts and the new parts we are being shown — displayed side by side in the video — including the absence of several of the black, plastic strips on the casing. This new iPhone shell still has a micro-SIM card slot, which could mean several things: it belongs to a global CDMA iPhone, it is a slight retooling of the current GSM iPhone 4 (iPhone 4GS anyone?), or… it’s just a fake (that’s still an option too).
The video referenced is no longer available on YouTube due to a copyright claim by Apple. You can read the full story from Boy Genius Report here.