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Yesterday, Apple announced a new version of the iPhone that runs on the 3G network, has a lot of cool bells and whistles, and above all else, is a hell of a lot cheaper than the current model.

Crap, now I want more than ever.

The 3G network, for those who don’t know, is a much faster network than the one the first iPhone used, and it makes for a significant upgrade. But wait, there’s more - the new version also features built-in GPS, vastly improved battery life, and will host a slew of new applications, including games, blogging software, and apps that will give you local news and baseball scores in almost real time. And its even just a little bit thinner than the first model!

But the best news is the price: an 8GB version will cost $199, and a 16GB model will run $299. Considering that the first iPhone cost, at launch, $599 for a 8GB model, and that a 16GB iPod touch currently sells for $399 (that’s sure to come down, though), that’s not a bad deal. You still have to sign up for a contract with AT&T that starts at $79.99 a month (including voice and unlimited Internet service), which is more than I’m currently paying for both my and the missus’ accounts with Verizon.

So final verdict is that it’s still a lot of loot. Even though the price of the headset has come down significantly, the monthly rates ain’t cheap. Still, it would be nice to be able to store a ton of music and movies and surf the web all on one device that also happens to be a cell phone to boot. Sure, I can play a few gigabytes worth of tunes on my cell phone now, but it just ain’t the same…

What do you think? Is the new iPhone worth it, or should I stick with what I got? Is Apple evil for constantly putting out sexy new products that the geek in me goes ga-ga for? And if I buy one, how much will I kick myself when the 3.0 version comes out next year for even less dough? And what are the odds that Apple will send me a free unit for that all-important alannoah.com review?  Thankfully, it doesn’t go on sale until July 11th, so at the very least I have some time to debate it/save up some cash.