From the same room where the original iPod was announced, today Tim Cook made his first product announcement as Apple CEO. The biggest news being that the company opted to announce an iPhone 4S rather than a full-fledged iPhone 5. We've been hearing iPhone rumors for months now. So, were all those rumors we heard true? Here's the official word:

Design On the outside, the iPhone 4S looks identical to its predecessor the iPhone 4 (so if you were hoping for a huge redesign you're out of luck). Where the differences are going to come in is in what's under the hood.

A5 processorProcessor
As rumors suggested, the iPhone 4S  has an A5 processor (like is used in the iPad), making it 2X faster than the previous iPhone.

Battery Life The 4S is expected to get 8 hours of 3G talk time, 6 hours of web browsing, 10 hours of video, or 40 hours of music on a single charge.

Signal The handset can "intelligently switch between two antennas to send and receive," allowing for fewer dropped calls and a better signal while you're moving around.

The handset, as expected, is both GSM and CDMA allowing it to be used on both networks. The handset also has "World Phone" status, allowing it to be used on networks around the world.

Camera The iPhone 4 is currently the most popular camera for uploading pictures to Flickr, with the iPhone 4S Apple updated the camera on the phone to make those photos look even better.

The iPhone 4S will have an 8-megapixel camera, a 60% boost in resolution from the iPhone 4's camera. The camera has a back-illuminated CMOS sensor, making it easier to take high-quality photos in low-light situations (the camera is capable of f/2.4 for you camera nerds), and takes those photos 1/3 quicker than the iPhone 4. The camera also has a hybrid IR filter which lends itself to better color accuracy in photos and more color uniformity.

The iPhone 4S camera sports face detection for recognizing faces in your photos and a 26% better white balance for taking more accurate-looking pictures. The camera can take its first picture in just 1.1 seconds, with the second able to follow a mere .5 seconds later. In contrast, the Samsung Galaxy II takes 2 seconds to take its first picture from when you launch the camera, with the second taking another 1.1 seconds.

Video recording on the handset is 1080p

The phone will be available in both black and white in three sizes: 16GB/ $199, 32GB/$299, and 64GB/$399. Preorders for the phone start October 7th, with the handset hitting stores October 14th. The phone will be available on AT&T, Verizon, and now Sprint.