Today, Steve Jobs unveiled the new 3G Iphone at the Apple worldwide Developers conference. This new Iphone generation, along with its many new features, is capable of downloading things like video and pictures from the internet twice as fast as the 2G Iphone. 

This new 3G Iphone also has a price reduction from the previous Iphone models. The price has been lowered down to $199 for the 8 GB model. ($200 less than old versions) Although the service for this new generation will cost you about $10 more than what you would pay for the old Iphones. 

The 3G Iphone is to be officially released into stores on July 11th.