Can i get the new iPhone and sell my old iPhone?

I have the 4GB original iPhone and i was wondering if it was possible for me to upgrade to the new iPhone for the $199 price. If i can, am i able to sell my old on eBay? Some people say i can get the 8GB for 199 and some say i can get it for 499. I don't have an upgrade available and i signed a 2 year contract in September. Is this at all possible?

My understanding is that any current iPhone owner with an AT&T contract can get the $199/$299 prices regardless of when they last upgraded or renewed. Rationale seems to be that the original iPhone purchase was not subsidized by AT&T.
If that were not true, no current owner would be able to get the prices above, since we all bought the iPhone about 12-13 months ago at most and have no less than 11 months left on our two-year commitments.
I'm sure there is info on this on line somewhere. But best just go to an Apple store or an AT&T store and ask them.
Phil

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            {00067803-0000-0000-C000-000000000046}
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            {0006782A-0000-0000-C000-000000000046}
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            {00062000-0000-0000-C000-000000000046}
            {00062001-0000-0000-C000-000000000046}
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            {00062003-0000-0000-C000-000000000046}
            {00062004-0000-0000-C000-000000000046}
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            {00067821-0000-0000-C000-000000000046}
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            {00067823-0000-0000-C000-000000000046}
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        LIVE.COM.MX
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        LIVE.COM.PT
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        LIVE.COM.VE
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        LIVE.PH
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        IPM.Note.Microsoft.Exchange.Voice
        IPM.Note.Microsoft.Exchange.Voice.UM
        IPM.Note.Microsoft.Exchange.Voice.UM.CA
        IPM.Note.Microsoft.Fax.CA
        IPM.Note.Microsoft.Voicemail
        IPM.Note.Microsoft.Voicemail.UM
        IPM.Note.Microsoft.Voicemail.UM.CA
        IPM.Note.Rpmsg.Microsoft.Voicemail.UM
        IPM.Note.Rpmsg.Microsoft.Voicemail.UM.CA
      Outlook 10 Accounts
        Categories
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          {ED475419-B0D6-11D2-8C3B-00104B2A6676}
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    HKCU\Software\Microsoft\Office\14.0\Common\HelpViewer\Applications\OUTLOOK
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        1033
    HKCU\Software\Microsoft\Office\14.0\Common\Migration\Outlook
    HKCU\Software\Microsoft\Office\14.0\Outlook
      Addins
      AutoDiscover
        RedirectServers
      Display Types
        Balloons
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      Message
      Office Explorer
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        AccessAddin.DC
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