Was Gizmodo punk'd by Apple? Photos of this iPhone appeared in February

Like Andy, I find it pretty unbelievable that a lower level Apple engineer was walking around with the actual new iPhone that we will see in June. He may have been testing out a component or part of the device, but I personally believe the new iPhone will be something more along the lines of a thin iPod touch form factor device with the expected updates of a faster processor, higher capacity camera, higher resolution display, etc. that we all know are natural progressions of high end smartphones.
The story was dramatic, for geeks, and definitely generated a lot of hits for Gizmodo and many others while taking away a bit of the HTC DROID Incredible news. However, was it all just a publicity stunt? I guess we will have to wait and see in a few months.
Does anyone actually think this is the next iPhone hardware?