According to a report received by CNET, the last big project that Steve Jobs oversaw was the design for the iPhone 5. With the release of the iPhone 4S lots of people thought that the Steve Jobs era had officially ended with his death on October 5th. Fortunately, we still have one last hoorah from Steve! More on that after the jump!

So, what can we look for in the next version of the iPhone? According to some sources, a complete redesign!

The next-generation iPhone "was the last project that Steve Jobs was intimately involved with from concept to final design. For that reason...this product will establish the high water mark for iPhone volumes," Ashok Kumar, an analyst at Rodman & Renshaw, wrote in a research note this week. He expects the iPhone 5 to be a "cult classic" because of Jobs' involvement.

In the note, Kumar said the phone will have a slimmer profile and larger screen size but with the same dimensions as the iPhone 4S (the relatively-small 3.5-inch screen is not one of the 4S' best features). The iPhone is also expected to have LTE, or Long Term Evolution--what's sometimes referred to as 4G.

Another source, who I spoke with this week and who claims to have knowledge of the redesign, said the iPhone 5 is a "complete redesign. This is a very large project that Steve dedicated all of his time to. He was not that involved in the 4S because his time was limited."

You can read the full article from CNET.

Planning on picking up the iPhone 5 when it comes out next year???

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