Too expensive. You can get another iPhone at that price. But it's a good alternative to people waiting for the white, which will be released some time before the iPhone 5.
http://www.whiteiphone4now.com/
27" iMac (late 2009), 3.33 GHz , 8 GB RAM, 2 TB HD; 15" Macbook Pro (may 2006), 2.0 GHz, 512 MB RAM, 80 GB HD; 160 GB iPod Classic; iPhone 3G
That deal seems like a rip off. Why would you need to pay for a new retina display and digitizer?
http://www.whiteiphone4now.com/
27" iMac (late 2009), 3.33 GHz , 8 GB RAM, 2 TB HD; 15" Macbook Pro (may 2006), 2.0 GHz, 512 MB RAM, 80 GB HD; 160 GB iPod Classic; iPhone 3G
Wow really guys? I'm shocked that if you actually think you know that much information in order to post something to speculate about apple, you would at least know that Apple will be coming out with the iPhone 4G before they come out with an iPhone 5. Just look at the trends... 3g... 3gs...4... I wonder? 4G!!!
For those incompetent people out there, the new iPhone 4 does not run on the 4G network, considering it really doesn't exist yet, and sprint is not utilizing it AT ALL... and they have horrible service anyways. So when the network is released to all carriers, and is more widespread, aka next year, then comes the 4g... then not till 2012 will some kind of 5 or something probably not even called the iPhone anymore will have come out by then.
It won't be called the iPhone 4G. Think about it. It will cause mass confusion, people would get mixed up with generation and the network, and many people think Apple + 4 = antenna problems. They will want to completely change the name. Maybe iPhone LTE. And remember, no country has full 4G support yet. Heck, the UK is only just beginning to fully roll out 3G. Maybe 2015 we'll see an iPhone LTE. Your logic is wrong.