AppleCare Plan; what happens?

[orange42]

Does my two year AppleCare Plan become useless when I upgrade from a 3G to 4 even though it has like 11 months left on it? Or can it switch to the new hardware?

 

[Applejuiced]

It stays with the iphone that you activated it with.
It cannot be transfered to a new device.

 

[orange42]

That's quite unfortunate/a waste of money like I knew it would be when I got it. It was my first iPhone though, so I panicked.