Apple Media Event and iTunes Phone?

Reuters is reporting that Cingular Wireless is considering selling the Motorola iTunes-enabled cell phone.

RBC Capital analyst Mark Sue said in a recent research note that Apple and Cingular were working out final details on revenue sharing.

Meanwhile, several news sites (HardMac) are reporting that Apple will be launching the new Phone next Tuesday with availability on July 4th. Meanwhile, other reports claim that Apple is hosting a special media event on July 7th. It's unclear if the two events will be related or are separate releases.

There has been much speculation on the event, but few concrete details.