I want an iPhone bad, but should I wait???

Do I wait? I've been with Verizon for 10 years now, and I'm completely obsessed with the iPhone. Their version, the Voyager, is junk compared to the iPhone. My house is full of Mac products, and the only thing missing now is the iPhone.
I like the current version. I've had an opportunity to play with it some. However, I always seem to be the guy who buys an apple product and two weeks later there is something newer, better, and cheaper.
It is my understanding that the new iphone won't be out till the end of 3rd quarter 08. So probably at least 6 months at this point.
Is the new version going to be that much better where I should hold off? I hate to buy this one for $400, and then drop another $400 in 6 months. If the changes will be huge, maybe I'll wait then. If not, then I guess I'll head down to the apple store today
Any advice?
Message was edited by: Andrew Burke1

As with a computer - if you need or want it now, get it now since a new and improved model is always in the works. Based on needs or wants, you purchase now and Apple introduces a new model two weeks or two months from now, it does not make the product you purchased obsolete and unusable.
As soon as Apple released the iPhone on 6/29 and probably before, the 2nd generation was already in the works and the same will apply with the 2nd generation iPhone is released. The only thing we know for fairly certain is the 2nd generation iPhone will be a 3G phone but other that this, no one knows and if you don't live in an area where AT&T has 3G network coverage, having a 3G iPhone won't make any difference.
It is my understanding that Apple must get another round of FCC approval for a 3G iPhone which I don't believe Apple has requested this yet which is public information and if this is required and the 2nd generation will be 3G, there isn't much chance that Apple will release the 2nd generation iPhone within the next two weeks or months. It could be anytime after the FCC approval and the end of this year or this could be delayed until early 2009.
If you can wait which is waiting for the unknown and this won't be known until Apple makes an official announcement along with not knowing when, then wait but if you really need or want it now then get it now. You can always use an activated iPhone as an internet device via a Wi-Fi connection and for iPod use without a SIM card when the 2nd generation is released or there is a good used market for iPhones which you can recoup some of your money to go towards the 2nd generation.

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