The iPhone is a pricey device, a luxury item, a status symbol, and that's exactly how Apple wants it. But as long as the iPhone has existed, we the people have called upon Apple to make a less-expensive version. Rumors are in overdrive at the moment that Apple may be finally planning such a dramatic move. How will it cut costs, though?

We discuss on this week's show. We also check out an image of what may be -- but probably isn't -- the back piece for the fifth-generation iPad, and YouTube may be asking for your credit card number this year.

At the end of the show we make a sad announcement about a change that's coming. We won't give it away here, but let us just say: it's not the end of the world. Modern technology will bridge even the vastest distances! (Hint: Emily will finally find a reason to use Google+ Hangouts.)

Watch to the end, and then send us your comments.

Thanks for watching!

Heard a tech rumor you think we should cover? Leave a comment below; ; send us a tweet (@EmilyDreyfuss, @karynelevy, and @CNETRumorShow); or call and leave us a voice mail at 1-800-750-CNET.

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