I don't like talking about "industry insider" rumors. They are inevitably wrong about one detail or another, end up being total speculation, or are just downright trolls. Those that are true tend to be the ones that are very detailed and often leak their way out days, or hours, before a device's launch. Rumors that circulate months beforehand? Not so much.
But the Galaxy S III (if it will even be called that) is likely going to be the most anticipated Android device of the year, especially after the worldwide success of the Galaxy S II.