I actually think that’s the case. Anyway, the new Iphone 3GS came out today, and it’s fast and has all sorts of cool stuff, including video. The only downside is hidden in the fine print on Apple’s website (bold added):

Requires new two-year AT&T wireless service contract, sold separately to qualified customers… For non-qualified customers, including existing AT&T customers who want to upgrade from another phone or replace an iPhone 3G, the price with a new two-year agreement is $499 (8GB), $599 (16GB), or $699 (32GB).

That is a lot of change.

More potentially-related posts:

1. Consumerism!
2. To buy or not to buy.
3. The Nexus One nexus.