Hot on the heels of today's story about Apple and Verizon talking about a new deal comes word of not one, but two iPhone-like devices that might find their way to Verizon. Business Week reports that Apple has created two prototype devices. One being a smaller, less expensive device being dubbed iPhone-lite. The other is a "media-pad" that would let users listen to music, view photos and watch HD videos. The latter would make calls over a WiFi connection only. One of the new iPhone devices could ship as early as this summer.

Odd report given the fact that Verizon usually opts out of including WiFi in their devices. Now they would be releasing a device that was solely based on WiFi?

[via Business Week]