We haven’t heard an “iPhone Mini” rumor in a while, so the rumor mill has probably decided that it’s time to kickstart things again. According to the latest whispers, it seems that Apple has signed contracts to produce a UMTS/CDMA hybrid iPhone, which is planned to be released in Q3 of 2010. Based on the rumor, the phone will be built around a dual-system chip from Qualcomm, allowing this “iPhone Mini” to run on virtually any GSM/UMTS cellular network worldwide, and also on the CDMA2000 networks. Verizon has been said to be the target carrier of this new device. Further details include a manufacturer will be Pegatron, a subsidiary of Asustek, instead of Foxconn, which is currently the sole-source provider of iPhone hardware. Last but not least, the display is said to be 2.8-inches, making it smaller than the current 3.5-inch display in the current iPhone. Will this turn out to be true? We certainly wouldn’t mind.