New iPhone Due July 11

At San Francisco's Worldwide Developers Conference, CEO Steve Jobs unveils a sleeker design, improved audio, and lower prices for Apple's revamped wonder gadget.

Just moments ago, gadget guru and Apple CEO Steve Jobs unveiled the latest edition of Apple's iPhone, the iPhone 3G, during a lengthy presentation at the 2008 Worldwide Developers Conference in San Francisco -- and version 2.0 is set to arrive with plenty of perks.

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