While the folks "familiar with the matter" continue to debate over whether or not we'll actually see a real life iPhone nano at some point in our lifetime, the crafty KIRFers in China have taken matters into their own -- apparently undersized -- hands. Yes people, what you see above is a Shanzhai-crafted shrunken iPhone 4 running an iOS rip-off based on Java, garnished with a 1.3 megapixel camera. All it takes is a measly ¥380 (approximately $58) to be the coolest kid on the block with the "next iPhone" -- and maybe a quick trip to China.

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iPhone nano may not exist, but this KIRF does