In the UK that will mean that the 8GB version of the iPhone 4 will be your cheapest way into Jobs' Mob's walled garden of delights.
According to the Daily Telegraph, the iPhone 4 will probably be given away with £20 per month contracts instead of the 3GS.
The iPhone 3GS is one of Apple's longest serving models. It hit the shops in June 2009 and is still fairly common. It remained fairly popular mostly because of technology problems with the iPhone 4 including the famous "will drop your call while you hold it to your ear" feature and the requirement to have a rubber band wrapped around it.
There will be an interesting bottle neck coming up for Apple after the iPhone 5 comes out. It will be the first to sport a new mini-sim but it will also have some plugs which will make a lot of old accessories out of date.
It is still not clear if the iPhone 5 will run in the UK using full 4G capabilities.
The new gear is expected to go on sale in the week of 21 September, so if you want a cheap way into Apple land then you will have to buy a 3GS fairly soon.