iOS 5, OSX Lion, iCloud Officially Announced by Apple - No iPhone 5?

Apple has officially announced that next week at the WWDC 2011, iOS 5 along with OSX Lion and iCloud are going to be released -- but where is the iPhone 5? Are they actually going to release the device next week, or are we going to have to wait until September to witness it? Check out the video below for more insight, and be sure to subscribe to our YouTube Channel and bookmark this site for more updates, especially our live coverage of the WWDC next week!