At this point this is just a reliable rumor, but it looks like the Apple iPhone and iPod touch could see a $100 price drop on the 16GB iPhone ($399). Same type of thing for the iPod touch: 16GB for $299 and 32GB for $399. Looks like the 8GB iPhone may be left in the dust if this happens. We will have to wait and see if this becomes reality.
{Via engadget}