Although this supposed Apple Phone leak still calls the phone the "iPhone", the rest of the details seem to be a bit more valid compared to all the fakes people try to pass off these days. First, there's the dual-screen touch-screen system reminiscent of the Apple Patents describing a dual-screen device.
There's a touch-sensitive bottom section which can be either a wheel or phone buttons—intuitive and sensible—plus the iPod Nano-esque body that matches what other rumors, and Kevin Rose have said.
So is this the real deal despite the usage of the name "iPhone"? No way.
Is the name Apple iPhone still alive? [amobileme]