Will there be a 'New Mac' in Jan?

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I'm looking to buy an iMac pretty soon (possibly in the next few hours) but me 'expert friend' has told me to wait as there is usually a new iMac released early in the new year?

Is this true? When will the 'next' iMac due to be released?

Thanks
 
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They update the iMac every 185 days!? Thats seems crazy.

Seems like it might be worth waiting a few months to see if they announce anything.

Will the new iMac replace the current one at the same price?
 
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