The new iPhone has 3G and GPS. Standby time has been improved to 300 hours. Talk time is up to 10 hours with 2G, 5 hours with 3G. You can expect to watch video for 7 hours, or listen to audio 24 hours on a charge. Price has been cut to $199 for the 8GB model and $299 for the 16GB model.
Why am I interested? I have taken an interest in Apple lately. Working on a webcast on business strategy with Apple and iPhone examples. Check back here in a day or two.