Yes, that is an iPhone in the picture, house in something called an iRetrofone Base, the work of Freeland Studios.
The iRetrofone Base is handmade, sculpted and casted one at a time from resin, which probably accounts for the waiting list for one – around two weeks before each is shipped. It is designed to be compatible with all iphones, offering you some good old-fashioned handset action in your home, rather than having to slap that touchscreen to your ear.
It can also charge and sync with a computer (if you throw a USB into the mix) and is available via the company’s Etsy site, priced at $195.
(via iPhone Savior)