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iPhrenzy: $199 iPhone Debuting July 11th

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It's a good day in Apple land, as Steve Jobs has just unveiled an updated iPhone. Chock full of new features, the speedy iPhone 2.0 (or 3G as the techies call it) won't be available in stores until July 11th, so there's plenty of time to obsess over glossy images and apps and/or gather your camping equipment. As expected, the phone will be a good deal cheaper than the original—we're talking $200 for 8GB model and $300 for 16GB. Blackberry execs, you have permission to tie one on tonight.
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