If you're wondering what your iPhone 5 will come packaged in, here's your answer. In traditional Apple fashion, the box will be simliar to previous versions with nothing but an angled photo of the iPhone 5 on the front and writing on the side.
The folks over at Redmond Pie managed to snag a few pictures of what not only the outside packaging looks like but what's included in the box. You can hit the link to view an image of what comes in the box. The contents include a separately packaged pair of Apple's new EarPods, a charging block, and the new Lightning connector.
Source: Redmond Pie