Upgrade to 4S or wait for 5?

I have right now the LG Ally and my upgrade is August 8th, 2012. I'm not sure if I should upgrade to the iPhone 4S or wait till the 5 comes out. I hate my Ally. Idk what to do....

I have an iphone 4s, and I am going to get 5, but it'd be too late to get a 5 because its going to launch in 2 or 4 years :-(

The iPhone 5 is set to be released around September..and you went from wanting an iPhone to owning the 4S in 2 minutes, that's interesting..

Nobody knows anything about the "iPhone 5" -- what it will have, when it will appear.

Except for one thing: I absolutely guarantee it will support LTE. Other than that, all bets are off.

Everything you have read from anywhere is just guessing, most of it less educated than they'd care to admit.

To put this another way: I have a fairly strong belief that I know who is going to win the next US presidential election. But it's a BELIEF, not a FACT, and it won't be a fact until the day after the election. It's important, I think, not to mix up strongly-held beliefs with facts.

Most of us can make an educated guess as to potentially when a new version of the iPhone, iMac, Mac Pro or any other Apple product is going to be released, but as to the features itself, that's not so easy to guess..

iPhone 4s or 5, iPad 3 or 4. Doesnt matter, if you are only chasing the latest, you will never own anything. If you want a 4s, buy it, if you want to wait for the 5, wait.