is it true that iPHONE 3G will be sold for only $199?

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i watched convergence (net25) and i saw its segment about this new iPHONE... w/c is the upgrade of the iPHONE. the new one has 3G capability. and the shocker of all... it will be sold at only $199 w/c is around P9,000? how can this be true? when this phone land in the Philippines? i can't wait to buy one.