The newest iPhone version will record video and allow you to edit video and pictures. The new phone has longer battery life (yay) cut and paste (yay), voice activated calling and commands (eh) and text messaging with photos and video (yay.) Oh yeah, and it's fast, the "S" in 3GS supposedly stands for speed.

The 16-gigabyte iPhone 3GS will cost $199 while the 32-gigabyte model will cost $299. The original eight-gigabyte iPhone 3G will drop to $99 from $199.
Enough with the geek talk, we'll let Racked.com give us the play-by-play availability score once the phone drops in 11 days. In their words, it's sure to be an iPhrenzy.
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