According to images that appeared on Tinhte, a site with a good track record for picturing Apple products early, ran some images of what it claims is a cheaper version of the iPhone 4 made with all plastic parts for the front and back. However, there does appear to be some issues with this story on several fronts.
First of all it runs contrary to the numerous rumors we’ve heard about the iPhone 3GS becoming the budget entry in the iPhone family. True, it’s a battle of rumors, but the 3GS as the base model makes a lot more sense than the iPhone 4 getting a cheaper make over. There is also an issue that looks a heck of a lot like the conversion kits that are out there just about anywhere you go. Add in the fact this person has jailbroken the phone, and it just gets weirder and weirder.
For now, I’d say take it with a grain of salt, but it makes for interesting speculation. Check out the additional photos below and let us know your thoughts in the comments.