Halfway through 3GS 2 year contract, How much to upgrade?

I got a 2 year 3GS contract last year and now that the iPhone 4 is coming out, I am considering getting it but I don't know if there is any trade in scheme announced. My 3GS was £180 plus the extra amount each month. Does this mean I can buy the iphone 4 for a similar price and transfer over my contract? Also how much will the 4G be brand new? Thanks for the help

There will not be a trade-in.
You can sell your existing iPhone to someone else and use the proceeds to purchase the iPhone 4. You need to contact the carrier for your iPhone regarding your eligibility requirements for being able to purchase the iPhone 4 at a subsidized or discounted price and if you won't be eligible, what the early upgrade or full retail sales price for the iPhone 4 will be.

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