The iPhone 5 is a big focus of attention right now with Apple’s WWDC 2012 starting today, Monday June 11 through June 15. Although we’ve said many times that the event will be centered around software rather than hardware we know that millions of people are hoping to hear details of the next iPhone. With the WWDC keynote announcement later today it’s iPhone 5 crunch time.

The keynote speech led by Apple CEO Tim Cook begins at 10am PT today and if you want a roundup of live blogs available or world times of the keynote for wherever you are across the globe, click on the links. What we are expecting to hear mainly surrounds iOS 6 and Mac OS X Mountain Lion along with possible new MacBook announcements. However, as we’ve said previously, we feel that a reveal of the iPhone 5 is much more unlikely.

Plenty of comments to our iPhone 5 articles though, show that many of our readers are still expecting some details and so of course we’d like to see a mention even if not a full unveiling of the next iPhone. There have been two trains of thought for some time regarding an iPhone 5 release date though. Although some always hope for a WWDC launch, as happened in some previous years, Apple bucked the trend last year with the iPhone 4S arriving in October 2011, therefore it does seem much more plausible to us that a new iPhone will be here in the fall around a year after the release of its predecessor.

Of course nothing about the iPhone 5 will be official until Apple chooses it to be but widely reported possible specs and features so far suggest it could have an A5X or A6 processor, improved resolution display and also a bigger display size, better camera and iOS 6. Much of this seems pretty likely especially iOS 6 as we have seen the banners for WWDC going up with iOS 6 depicted. Yesterday we also told about a possible new wireless feature along with a new concept of what the iPhone 5 could look like and we’ll continue to keep you updated with leaks and rumors until we finally hear official confirmation.

The big question is when will that be? We’d love to be proved wrong about a big announcement on the iPhone 5 at WWDC today and of course we’ll be bringing you all the news about that as it takes place but we’d like to know what you think. Do you think it’s iPhone 5 crunch time later today and are hoping for a reveal along with a release date soon? Maybe you think it highly unlikely that Apple will bring out a new iPhone only 8 or 9 months after the 4S and are expecting a fall release? Let us know with your comments.