Apple has never released any hardware upgrades for the iPhone product line in November. That is the iPod/Macbook line. Each phone has had about a year's life on the market. June/July is the time for iPhone revamps. So you'll be waiting until June(ish) 2010.
Having upgraded from my "2G stinker," I can tell you that it's an absolute delight. The speed is phenominal, the 3G and GPS are also new for me, as well as the MUCH louder speaker (either I blew my 2G speaker or this one is 200-300% louder on the 3GS). Plus, we have the compass, better battery than the 3G, and if you swing for the grandstand, a whopping 32GB of storage (I did). And don't forget the video recording, and Nike+ is also now included, which I will try to take advantage of. New graphics chip and double the ram certainly contribute to the increase in speed. Also, my lock button at the top is acting up on my 2G, so I'm glad to have this replacement come so timely.
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