Yes it is true, today Apple announced the release of the 3G iPhone in June. The phone will be set at $199 for the 8gb model and $299 for the 16 GB model. These are around $100 dollar less to their “Little Brothers”. This could mean there might be a great drop in iPod Touch prices, because many people wanted a touch could by an iPhone for cheaper and hack it to make it work with out a plan. More details on this in the future.