i'm so psyched. my 1G EDGE iphone no longer gets reception at my house, and I need to fucking upgrade. Been waiting for this since they announced the 3GS, which IMO was a waste of an update
Waste of an update is a bit harsh. I don't think many 3G owners updated to 3GS unless their contract was due or they just really had to have the latest iPhone.
If you consider 3GS was a speed bump vs. 3G and iPhone 4 has less to do with speed of web, in some ways 3GS was a bigger step forward. Again, in some ways.
That being said I think a lot of people in my camp (3G owner who can now upgrade due to AT&T allowing us to do so earlier than planned) will still do so.