iPhone G3

I bought (well, my employer paid for it) an iPhone last year when they first came out and I LOVE it. But now I keep getting emails like the following from Apple:

"iPhone G3
Twice as Fast. Half the Price
Available Friday at 8:00 a.m."

Here's what I internalize when I see this email:

"iPhone -original
Twice as expensive. Half as Fast
Suckaaaaaa"

Is their target audience really those of us who bought an iPhone in the past year? What are we gonna do - give our $400 phones to our 12 year old pre-teens and rush out to buy another one? I think I'll be keeping mine. Go find someone else to taunt!