Overheard from a RIM rep that Cingular will be introducing 7135 early 2006, which will feature processor used in the 8700. . . Anyone have other insight on this?

They already did. Its called the 7100g.

EDIT: I'll resist the urge to be a jerk.

If anything they should at least release a version of the 7105.

From what I heard, the "7135" is supposed to be up to 5x the 7100, with screen resolution comparable to the 8700 and should be better able to handle html webpages. . . .

Maybe its similar to the 7130e.