Don’t you just love rumors that won’t die? This time, The Wall Street Journal is reporting they have a source who has actually seen a prototype mini iPhone, code name N97. Supposedly, this phone would be half the size of a regular iPhone and half the price to compete with other mass-market priced smartphones. But is there any truth to this rumor?

According to people who were briefed on the rumored Apple event coming up later this month, Apple does plan to announce a tablet later this month. This device would come in a 10 to 11 inch form factor, and is apparently slated to be shipped in March. Furthermore, the sources revealed the device is currently being created in two different materials. Whether they will both be produced and marketed or if Apple is simply deciding on a final one remains to be seen.