iPhone 4G photos? Call me skeptical (Updated: I was wrong)

Engadget has posted photos of what it believes are the new fourth-generation iPhone 4 hardware (which some are calling iPhone HD), due in June 2010.

It also has another leaked iPhone 4 pic but it's blurry and anything but definitive.

Engadget claims that the handset, which was "found on the floor of a San Jose bar," includes a front facing camera and 80GB of storage. Whoever "lost" it must have run "wipe my iPhone prototype" though because it no longer boots.

Let's assume for a minute that that this is the new iPhone. Isn't it a little chunky? I mean seriously! Does it have a on-board nuclear reactor of something? Multiple solar panels? What?

Apple has spent a lot of time and money on battery R&D and it's starting to pay dividends -- witness the iPad's 12 hour battery and the new MacBook Pro's 10 hour battery -- so could that extra space be all battery?

Apple has a history of slimming iPhones down in subsequent hardware designs. Apple usually makes them sleeker, smoother and narrower feeling (even if it's just an illusion) -- and I just can't see them making the next-generation iPhone look more like a MacBook Pro.

Also, what's up with all those seams? I bet it splits open like Humpty Dupty the first time that you drop it on the sidewalk. The pictured design is a complete departure from the unibody aluminum enclosures that Apple has been moving to. Some are speculating that it will include a removable battery, hence the seams, but I think that we have a better chance of seeing God than an iPhone with a removable battery.

Some theories making the rounds are that it's a) a fake from overseas, or b) a fake from Apple to throw off the competition.

What's your take?

Update: I was wrong.