So if Apple cut the price on the iPhone MK1 to shift stock before the arrival of MK2, what happens to all the unsold units the retailers still have?

Could a PAYG offering be on the cards?

Bob, Stafford, UK

I camped out in the street to get the first iPhone and I will most certainly be doing it again. This is the coolest thing ever and all you guys that don't have one are rubbish.

David, London,

If you own an iphone and know how to "amend" aka jailbreak it, it's a fantastic gadget that can record video, watch videos via flash, you can customize it with numerous bespoke features - all in one. No separate phone, iplayer, blackberry...

Donna, Bucks, United Kingdom

o2 website says it's FREE on £45 or above tariff! and just £99 on the cheaper £30 a month tariff.... free unlimited data etc

Importantly....its on pay as you go....that will make it a massive hit as suddenly although unwilling to commit will see it as an option!

toby Spanton, london, United Kingdom

The problem is that this is the phone that everybody thinks they are waiting for - why? This is the phone to be seen with and unfortunately users of the iPhone think that by buying the iPhone they are a part of an elite band of brothers - whilst the common man uses a "standard" SE/Nokia et al.

Hassan Azam, Banbury , Oxfordshire

2MP camera with no flash that doesn't take video?? No thanks!! How about MMS?? Opps, no you still can't send those either. Get over the hype and back into reality.

Adam, London,

A bit of a disappointment! There's little in the iPhone2 to take me away from my trusted BBerry. It looks good but I'd rather just have an iTouch. And having to sign up with an inferior network like O2 is a non starter.

Forget about phones Steve. Stick to Macs and Ipods where you are truly great.

Aloicius, London,

Wait for the price - you can bet it won't be the equivalent of $199. Why American consumers pay as little as half the price Europeans are expected to pay for US-designed computers and software beats me. Are we meant to be twice as rich?

Mary, London,

I look forward to winding up all the show offs who tried to impress me with their mk1 iphones

Luke, London, UK

Geeks don't hang on Job's every word at all. They listen, then immediately start citing obscure phone models with more megapixels/platforms/ sofware...yet are hideous, clunky and poor to use (I'm looking at you Nokia)

People buy Apple because they offer sophisticated, stylish and sleek technology

Bruce, Oxford,

Last years tech from Apple....again.

Would I buy it? no... I'll stick to my N95 thanks it plays music, videos etc.. its got unlimited memory by swapping the memory card...iphone? Has a 5mp camera vs iphone 2mp (N80 had 3mp), wifi, GPS built in, video calling and a lot more..

3G iphone? pah..

frank, Oxford, UK

Those of us old enough will remember home computers rushed to market leaving testing to the punter. SJ of Apple was one of the offenders.

The original Mac had good gui (borrowed from Xerox) but lacked power & i/o + too expensive

Same with Mk1 iPhone - Apple hype alone will sell Mk2

Roger Bingham, Lauzun, France

As is quite usual with innovative products it is the 2nd Gen model which is the 1 to get. Adding in GPS, 3G and a facility for 3rd party software + improvements in security and ease of use make this a winner. The downside? O2 subsidise the initial cost but get U with a slightly higher price plan

george, London,

I might get one when O2 don't have the monopoly. Having felt badly treated by O2 in the past, coupled with a lack of adequate coverage of the O2 network in my house, I wouldn't touch O2 with a barge pole. Vodafone gives me everything I need, but isn't available via Apple. So no thanks, Apple

Mike Poulsen, Reading, Berkshire

Looks just right to me, though my experience with 3G via two years' experience with a plug-in laptop modem is that it's patchy at best -- especially away from metro areas.

Even so, the iP's interface and software alone are worth the money.

Now it's up the O2 to come up with a good plan.

DJ, Brill, UK

"but in April O2 was forced to cut the price from £269 to £169, apparently because of mediocre sales."

I'd say they were clearing their stocks of a soon to be obsolete phone, regardless of sales being mediocre or fantastic.

Michael Ward, Leigh, United Kingdom

Pretty much as expected, though we should wait until the dust settles and have a proper look before judging. The first version was seriously flawed, so one wonders what is the hype is hiding this time?

The benchmark to compare it with will be the SE Xperia X1, due for release in a few months.

Mike Hart, London, UK

Another phone which has had a lot of intrest in it in the tech word is the HTC touch Diamond. which has a very slick interface (rivaling that of the iphone) but uses a windows mobile 6.1 platform. it has A-GPS, but unlike the iphone, I dont think this iphone has brought enough new stuff to the table

JDM, london, UK

Great. What's not to like. All technology gets cheaper and better and most people hold back and wait. DVD players once cost near to a thousand pounds but are now twenty-five quid in Tesco. I've waited but think I will now get an iPhone as long as the O2 pricing isn't too steep

Paul O'Donovan, Cardiff, United Kingdom

another apple nut..jumping on the lets charge the world, give them a basic but nice looking phone...then update it later in six months for even more...

there are phones and ill be more phones offering the same things..with even more applications..same screen size and newer better innovations..waste

kensal, london,

This was the phone I've been waiting for, just want to see what package O2 bolts onto it.
If O2 get this right I see a very big dent in the subscribers to other carriers.
I'm with Orange on a SIM only contract and on June 12th I'll be asking for my PAC code. Goodbye Orange and SE 990. Hello Apple.

Bruce R, Plymouth, UK