MacRumors.com

iLounge reports that it has received a number of tips about Apple's much rumored tablet computer from the same source who tipped off the site about the fifth-generation iPod nano. The source claims that the tablet device will sport a 10.7" screen offering a resolution in the neighborhood of 720p, will run iPhone OS rather than Mac OS X, and should be announced on or before January 19th, 2010 for release in May or June of 2010.

The report also claims that the device will be very iPhone-like in appearance, complete with a curved back, and that it will come in two varieties, one with 3G wireless connectivity and one without. Not designed to compete with low-cost netbooks, the tablet is reportedly being targeted to provide substantial book and magazine reading functionality along with an enhanced experience for the traditional functions of the iPhone and iPod touch.

Finally, the report notes that Steve Jobs, who has been reported to be almost exclusively focused on the project, has not yet given the device final approval and that the source places the likelihood of a release at approximately 80% at this point in time.