Can i use the iphone sim card in the new IPhone 3g and not have to renew?

I have an Iphone now and want to get the new Iphone 3g. Can i still use my old sim card and old contract with the new phone and not have to start a new contract with at&t and pay again?

It doesnt look like that is possible. Here is a qoute from engadget "Do you plan on upgrading your now-obsolete iPhone on July 11th? Great—good for you big spender. Here's the skinny. AT&T informed us that anyone who bought an iPhone after May 27th will be able to swap out their handset with no additional charges for an iPhone 3G. What about everyone else? If you signed a 2-year contract with AT&T when the iPhone came out (which you pretty much had to), you'll have to sign another new 2-year contract to score a new iPhone 3G. The good news is that AT&T will allow you to overwrite your old contract with your new contract. In other words, you're just locked into another 2 years, not 3."

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