Anticipation is High Over 'Let's Talk iPhone' Day

The buzz is on about what will reveal at its invitation-only event at its headquarters.

Speculation has it that the company will reveal two iPhones—iPhone 5 and a lower-priced iPhone 4—and CNNMoney said Sunday that top play of the “Let’s Talk iPhone” event will go to something iCloud-related, though it’s unclear what that announcement may be.

A bigger, better camera is in store on the new iPhone, too, with “an 8 megapixel sensor that takes incredibly high-resolution and clear shots, even in low light conditions,” according to 9TO5Mac, which talks about what can be seen inside when the new iPhone is peeled open.

Additionally, the 5 “is expected to run on the latest iOS 5, which will be coming with 200 new features, including an improved notifications system, Newsstand and iMessage. In addition to this, the iPhone5 is expected to feature the new iCloud service to help operate iTunes wirelessly,” according to International Business Times.

The controlled media frenzy begins at 10 a.m. Tuesday—are you ready for it Cupertino?