MacRumors.com

Macworld reports that Apple will be featuring a teaser advertisement for the iPhone during the Academy Awards (Oscars) this Sunday.

Macworld was unable to get any further details about the ad but "the new ad was described as being made for the Oscars".

The 79th Academy Awards airs this Sunday at 8 pm Eastern. Apple introduced the iPhone at Macworld San Francisco and is not expected to be shipping until June 2007.

Macworld.com rarely posts rumors, so this report carries a high level of credibility.