Could this become the new iPhone Tablet: Apple computer concept?

Here is a concept design of what an Apple iPhone tablet would look like, we already know that Apple has always liked the idea of a computer tablet so just maybe they might consider designing one just like this concept drawing from Gadget Tell.

Asus has been working on a new tablet and is not based on any of their own models, which does make you wonder if they are designing one for Apple as they already do contract work for them. Let us see how much truth comes out of this news.