Of course, while Morgan Stanley may be a bit late to the party on that piece of news, it did bring a bit of extra news to the table. We had already known that the chip by Qualcomm would be a world-band radio with compatibility with EV-DO Rev. A and B, HSPA+, dual-carrier HSPA+, and LTE, but what we didn't know is that it would be compatible with all frequencies of LTE.
Verizon LTE and AT&T LTE don't run on the same frequencies, and we had yet to see a radio that could run both, but it seems this Qualcomm chip can do just that, which truly does make it the all-in-one solution that Apple would love. This also would mean that the next iPhone would be compatible with T-Mobile, which jives with what T-Mo said just the other day. Of course, the iPhone being compatible with T-Mo HSPA+ and the iPhone being sold in T-Mo stores are two very different things.
Oh, and the report also says the iPhone 5 will be slimmer, but come on, that's like "predicting" the sky is blue.