Although Verizon is currently wrangling in a ton of new customers with it’s iPhone 4, this does not mean that AT&T will not be able to find ways to retain or even gain new customers. In a recent price drop they are now selling the iPhone 3GS for a mere $49.99 with a two year contract. This is almost dirt cheap for a new iPhone 3GS, plus with the offer of unlimited data it is pretty much a win win situation. I like the fact that AT&T is doing this for their iPhone 3GS, but it is unfortunate that the pricing cut is only for the 8GB version.

Sources: Engadget BGR