Today at WWDC 2008, Apple bad boy Steve Jobs dropped the bomb everyone has been expecting: Apple has slated to ship the new faster data-pushing 3G-capable iPhone, and at a mind-boggling low price! You’ll be able to pick up one of these newer, better iPhones for only $199 for the 8 gig model, and $299 for the 16 gig model.

That’s nearly $200 cheaper than existing units were sold for at retail!

The new second-generation iPhone will ship July 11th in over 22 countries, with a myriad of improvements including: better standby battery life, the ability to switch between 2G and 3G to save battery, a sleeker design, metal buttons, a headphone jack that is flush to the casing, and models now available in black or white.

Those of you who were waiting for a second-generation product, here it is! Already own an iPhone? You’re probably one of the people who paid the early adopters tax. Will you sell your old iPhone to get a new one? Let us know in the comments.