I know, I know – iPhone 5 and iPad 3 rumors are like snowflakes. No two are alike, and they usually melt away into nothing. But hear us out. The latest rumor on the iPhone 5, being reported by 9to5Mac, supposedly comes directly from a reliable source at Foxconn in China (the company that Apple outsources production to). What’s more, it’s the same source that told them there would be no iPhone 5 last fall, but instead an iPhone 4S – which for those of you playing along at home is exactly how things panned out. So what, pray tell, is this latest rumor of which we speak?

It’s a few things, actually. First and foremost, the source is claiming that the iPhone 5 is preparing to enter production. Considering there’s usually a 5 month period between manufacturing start and release, that pegs the device for a summer/WWDC launch, just like almost every iPhone (except the 4S) before it.

So what can we expect from the iPhone 5? According to 9To5Mac’s source, a 4 inch screen. It might not sound like much, but that’s a 14% increase in screen size over the 4/4S’s 3.5 inch display. That’s big, but still not quite as big as some Android displays. Still, considering the recently released Galaxy Nexus has a 4.65 inch screen that inspired the article Too Big For the Human Hand?, maybe a 4 inch display is just about as big as you’d want to go.

So what will this mean for gaming? A bigger display will definitely make things pop more, but it also means that developers will want to think about sharpening things up just a tad if they want their games to continue to look as stellar as they do on current models. The difference obviously won’t be as big as when you play an iPhone game on your iPad, but there’s no denying that any increase in screen size can be detrimental if not properly planned for.

What say you? Are these rumors real? Do you want a bigger screen? Are you still trying to decide if you want to upgrade to the 4S and want to hear no talk of the 5? Let us know in the comments below!

[9To5Mac via Mashable]