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We have been hearing rumors of Apple coming out with a RED colored iPhone similar to its launch of the RED iPod for quite some times.

But recently during the holiday season, the rumors have got much more hype, that the MACWORLD would showcase this product in conjunction with Apple  releasing the iPhone under the Product RED brand and surely a lot of folks would buy one thinking its for a good cause (money for the Global Fund to fight AIDS in Africa).

What do you think, will Tuesday morning give us a surprise?