I am eagerly waiting for the first glimpse of iPhone. It would be interesting to to know whether iPhone will be having a more Motorola type of look or will have the nice clean looks of Apple.
It can be assumed that iPhones might be having the looks of Apple but it will be having the best of Motorola as far as technology is concern. I feel it will be the combination of the best of both world.
Photos that are circulating around the internet look like an ipod that's front casing slides down to reveal the phone. To me this would make the most sense because why fix a design that isn't broken.
I think I have seen that photo which you are refering to . As because photo of iPhone are a rarerity, so we have to be satisfied with that one ony. May be we will find some changes in the design when it ships out.