i'v just seen the new iPhone and am very angery that i don't have one ! could i sell my phone when iv taken out the sim card, get a new iPhone, replace the sim card and that would be it ?
Absolutely not--I'd hold onto that iPhone for a while. It will be a good while after July11th before someone comes up with a safe method for unlock/jailbreaking the 3g iPhone. Just like your 1st gen iPhone, these phones will not accept non AT&T sims by default!!
Be happy with what you've go I say. The retail value on the 1st gen will still be extremely high even after July 11th--especially if you HAVE to get a contract to purchase upfront.