The iPhone 4G or iPhone HD has been spotted and acquired by Gizmodo and is now here for everyone to see!

The iPhone 4G unit was found in a bar in Redwood City and was encased in a camouflage case to make it look like an iPhone 3GS.

Here are some iPhone 4G pics from Gizmodo:

The iPhone 4G acquired by Gizmodo looks like a prototype in it’s final stages and may very well be close to the actual product. Gizmodo believes the iPhone 4G is genuine and lists it’s arguement here.

Some of the new iPhone features:

• Front-facing camera
• Better back camera
• Micro SIM card (like the upcoming iPad 3G)
• Better display
• Split volume buttons

Thanks to Mashable for the heads-up.