I-phone 4 confusion.

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zrey911

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Hey.. My sis is coming back from U.S in a week and is planning to get me I-phone 4,but there are a lot of problems for which i need all of your help! :)
1: Should i wait for the release of I-phone 5 which is rumored to release around june!
2:will I-phone 4 possibly release in india any time soon?
3:will i get a factory unlocked version or can i just buy the locked version? will i be able to unlock it here without any problems?
4:warranty issues :(
please feel free and pour in your suggestions.
thx :)
 
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