Apple will be hosting a special media event on January 27 where most people are expecting the company to release its fabled tablet device. Fox News, however, claims to have inside information confirming that Apple will also show off iPhone OS 4 along with iLife 2010.

"I spoke to a source at Apple this morning, before the invite hit my inbox, who said the event would likely focus on three projects: The tablet device, iPhone 4, and a new round of iLife 2010 software," the Fox News report said. "While we won't see new iPhone hardware just yet, we will see the next-generation software."

While Apple isn't saying what it plans to announce at its media event, it's generally assumed we'll finally get to see the company's rumored tablet device. Rumors of a major iPhone OS update have been circulating, too.

The idea that Apple could introduce a new version of its iLife suite fits with the company's general upgrade cycle as well. Apple has shown off big updates for iLife's iPhoto, iMovie, iDVD, Garageband, and iWeb applications at Macworld Expo -- an event the company won't be attending this year.

Fox News isn't offering any additional details about its source or what Apple might include in its iPhone and iLife updates, so for now they report should be treated as a rumor.