Trade old iphone for new iphone

i have the iphone right now. but the old one. can i trade my old one for the new iphone?

On trade in of those of us who have the old iphone - the responses to previous questions about this have been difficult for me to navigate to find the definitive answer. Is it officially May 27, 2008? That if you purchased your iphone BEFORE that date, you ARE NOT eligible to trade in your old iphone.
If so, this is the last time I am buying a new innovative product from Apple when it first comes out. It seems just too soon to be offering such a significant upgrade on a product which I have only had for 7 months! Usually it is 2 years before a cell phone is upgraded.

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