Image by Dekuwa via Flickr

My man on the inside has reported that the 3G iPhone was announced today to great fanfare. A few quick points:

• 8GB 3G iPhone - $199
• 16GB 3G iPhone - $299
• Small Battery (in size)
• 5 hours Talk time
• Real GPS instead of cell phone triangulation
• Many more countries
• Available July 11th

I also hear that it was a great keynote and one of the biggest cheers went up when India was announced as one of the new countries where the phone would be available.

See Also: More pictures and Live Blog

There should be a drop in price on ebay for the 1st generations soon: