iPhone 5 Rumor of the Day: According to one analyst, the eventual release of the iPhone 5 might be a bigger deal than expected, because it’s the last Apple product Steve Jobs was intimately involved in creating.

A source confirmed that information to CNET, saying, “This is a very large project that Steve dedicated all of his time to. He was not that involved in the 4S because his time was limited.”

The phone will reportedly deliver the “complete redesign” Apple fans were anticipating this year, along with a larger display and 4G capabilities.

It’s now expected out in June of next year, around the time of Apple’s Developer Conference.

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