When I first got my iPhone (after the $200 price drop), I was very happy with it. I've been happy with it since. Friends of mine have criticized it for not using the faster 3G network or having any GPS capabilities, especially considering the initial price. Now there doesn't seem to be any room for criticism -- especially considering the price.

I don't think Apple will have any problems meeting their stated goal to sell 10 million iPhones this year. They were already on their way. The upgraded features and downgraded price just eliminated many of the barriers holding back potential buyers. Also, many current iPhone users will be upgrading, pushing sales figures even higher.

But I'll probably hold on to my current phone for now. It still works just as well as it did before today's announcement, and I expect it will work just as well when the new iPhone is available on July 11. And besides, Christmas is only 198 days away.