Mark this in your calendar – iPhone Day!

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Apple has announced the worst kept secret in town – the 3G iPhone. It is much thinner, faster and is cheaper than the first-gen iPhone. The 8GB will now cost US$199 (with a two-year contract), with GPS that will work on the AT&T’s 3G cellular network. A 16GB will be $299.

If you want to compare the prices, the previous model’s 8GB version cost $399.

The battery is supposed to support 300 hours of standby time, 5 to 6 hours of Web browsing, 7 hours of video and 24 hours of audio, but the talk time is cut in half from 10 hours to 5 hours.

Apple’s Website also lists the release date for this new product – it will be released in 25 countries on July 11, including Australia, New Zealand, the UK, Japan, Italy and the US.

There are other countries on that list too, however their schedule has not been announced.

Full Keynote announcements will be on a post – posted later in the afternoon.

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