ipad-2-smart-covers-colorsHow about another iPad 3 tidbit before Wednesday’s big unveil? And while we’re at it, an iPhone 5 rumor? More on that later…

In a video posted over the weekend, MIC Gadget showed off what is purportedly a front and rear shell of Apple’s upcoming iPad 3. One of the more reassuring confirmations in the video? Apple’s Smart Cover is compatible! Hooray. Now, according to a new report from iLounge on Monday, not only will Apple’s current Smart Covers work with the next iPad, but a “repeatedly reliable source” claims the company is readying a Smart Cover-inspired case that will protect both the front and back of its upcoming tablet. The case will supposedly be designed similarly to Incase’s Magazine Jacket, with a magnetized Smart Cover on the front and some sort of fiberglass, PU/bicast leather combo on the back.

As for the iPhone 5, Apple will reportedly employ a glass/ceramic design rather than the rumored aluminum materials so many fans were hoping for. According to iLounge’s report, the Cupertino-based company is looking to incorporate Corning’s updated Gorilla Glass 2 which would result in a thinner iPhone 5.

Despite the well-established “aluminum-backed iPhone 5” rumors that have continued to circulate since the iPhone 4 was released, Apple is nonetheless continuing to experiment with glass and ceramic rear shells for a future iPhone model. The upshot is that the new design would be like the iPhone 4, but thinner, thanks to Corning’s stronger Gorilla Glass 2 and the further reduction of internal components.

Probably not what Apple fans wanted to hear. Still, the iPhone 4/4S is one of the best looking devices on the market, even though its design is currently a few years old. And just because it might potentially be constructed with a glass front and back doesn’t mean it’ll look identical to the iPhone as we know it today. “The source also indicates that a larger displays remains a possibility,” iLounge said. In addition to the build materials, Apple is reportedly still toying with the idea of a smaller connector instead of the current 30-pin dock connector.

The Smart Cover rumor certainly sounds believable, but the iPhone 5 design… it’s hard to say at this point in the game. We’ll know all we need to know about the Apple’s next iPad on Wednesday, and hopefully it won’t be long before more iPhone 5 information starts popping up.

[via iLounge]