Apple’s brand new 8-Pin dock featured in the iPhone 5 will be named Lightning. The dock is 80% smaller and all digital.
Brands including Bose, BLW and B&O are working on compatible docks and will be announcing them very soon. Apple will also be selling adapters for your older accessories which will cost $29, a bit on the expensive side.
The connector is now easier to connect, more durable and features an adaptive interface making the new connector a much welcomed upgrade.