Steve Jobs just announced that the new 3G IPhone will be landing in US stores on July 11th at a news conference today. Highlights of the Jobs' speech include: Introducing the new 3G phone. Introducing GPS apps for the IPhone.  And explaining why he still needs to wear a mockneck in the middle of June in California? 

But, still we're excited because the new Iphone downloads up to 36% faster than its closest rivals, the Nokia95 and Treo 750, according to Apple dry runs. Check out the rest of the Iphone specs  here  

But the bottomline is: The new Iphone is now $599 $299 for 16GBs and $499 $199 for 8GBs and it is much faster than before. Also, sorry Apple fans but there is no front-facing camera and no video conferencing apps (no rubberbands either..everybody's a critic!). What do you think about the new Iphone? Pull up a chair and share your thoughts below.