7-inch iPad Ready to Go

New rumors about Apple products surface nearly every day, and the latest claims that the Cupertino-based company is not only working on a 7-inch iPad design, but that it’s finished. This latest rumor comes courtesy of Shanzai.com and its unnamed sources in Shenzhen.

According to the unnamed sources, the 7-inch iPad will look more like an iPhone 4 than the current iPad. They aren’t, however, offering many more details.

The current iPad sports a 9.7-inch multitouch display running iOS just like the iPhone and iPod touch. It includes built-in Wi-Fi and Bluetooth support, supports video and music playback, includes its own ebook reader, and can run most iPhone-compatible apps. The tablet device doesn’t include a front-facing camera, but that will likely appear in the second generation model to support Apple’s FaceTime video chat feature.

Rumors that Apple has been working on a smaller version of the iPad have been floating around almost as long as the device has been on the market. Despite the number of rumors surrounding the smaller iPad design, there isn’t any physical evidence to support them yet.

Since Apple doesn’t comment on unannounced products, the 7-inch iPad should be considered little more than rumor and speculation.