Indeed but I wouldn't rush to get it - remember 3g took ages to be adopted, it's only going to be as good as transmitter coverage though
i just thought it meant 4th generation not as in 3rd generation comunication(the fabled everyone will be video calling from three)
It's the 4th (generation) Iphone, not Iphone 4G (network, a'la Japan)
It'll be out in the summer, probably announced at Macworld next month.