As one MacRumors commenter, Midi Evil, put it: "Wow, hopefully."

The new cloud iPhone: cheap, less storage but still, like, magical.

The latest twist on the stubbornly persistent rumor of an additional and cheaper new iPhone, besides the iPhone 5, is from Electronista, which boldly declared this week that Apple "may" be about to launch the "iCloud iPhone." That's based on the claim of "three anonymous sources."

Not one. Not two. But THREE!

These sources do a lot of alleging, which means "to assert without proof," the almost perfect definition of an iPhone 5 rumor. "While Apple is still expected to launch a separate iPhone 5, the iCloud iPhone will allegedly offer a cheaper option at the expense of most of its flash storage," Electronista alleges. "Owners would therefore be dependent on iCloud and other Internet services for access to things like music, documents and video."