Perhaps taking the "broken clocks are right twice a day" approach, another report has Apple set to inroduce an "iPhone Nano."

The Daily Mail claims that the new Apple mobile would arrive before Christmas, meaning it will hit the shelves about the same time that iPhone 3G you ordered last week arrives.

The report sites the usual "industry source" as saying that the nano would "be the big one."

I'm not even going to point out that such a release would undermine sales of the iPhone 3G and fly completely in the face of Apple's normal release schedule, because this report descends into failure long before that.

The 'industry source' reports that the device will have 'a candy bar shape similar to the iPod nano.' I'm not I'd trust any industry insider that doesn't know the iPod Nano hasn't had the 'candy bar' design for about a year now.

There's also the 'clickwheel' on the back of the device and a price tag of 150 pounds (nevermind that the 16GB 3G costs only 159 pounds with a contract.)

Not sure where these rumors are coming from lately, but I have one good theory: One night a week, Apple execs gather in an office, crack open a bottle of Patron, and see who can get the most outrageous lie picked up by the media.