For a couple of months, there have been rumors of the next generation Galaxy Note. MK Business News is reporting that the rumor is now reality. The Galaxy Note II, according to MK Business News, will be released in October in direct competition with the iPhone 5. In addition to a larger display than the current Note at 5.3-inches, the device will also have an unbreakable plane (UBP) display, which is a precursor to the flexible display. Other features reportedly will include a slimmer design, a quad-core processor and Android Jelly Bean.