iPhone template speculates new design?

iLounge has the scoop about a leaked iPhone template rumored to have been sent to iPhone "launch partners." According to iLounge, the screen size would be 3.5" (inches) instead of a speculated 2.8". It's no doubt that an iPhone redesign (or at least update) looms in the not-so-distant future, but is this template what we'll be seeing?

According to the template, the (new?) iPhone has a slightly different taper and appears to come in different colors, namely white, black, and (possibly) red. iLounge also posted an image of the template for your viewing pleasure.