Someone at my college was telling me that the iPhone has 800 MHZ frequency support but its not active?What the heck does that mean?
Nothing to do with the CPU.
It's a mobile phone cellular frequency band:
http://en.wikipedia.org/wiki/Cellular_frequencies
Im running on 900mhz here in the uk and get brilliant signal.
Of course none of it matters much if you live in a strong signal area On 2100mhz
Your location says you're in NYC (US). You're not gonna get 900MHz here, as cell carrier aren't licensed for that band in the US, but AT&T and Verizon do have some 850MHz spectrum in New York. No guarantee you'll always be on it though.
Sprint (for now) is 1900MHz only.