With the information that is currently available, the second version of the iPhone will not be cheaper. Yes, you pay less on day one. However, the planned rate increases will cost users more over the price of the contract.

Without a plan, iPhone Version 1.0 was about $400.
Without a plan, iPhone Version 2.0 will be about $200.
Day one savings of about $200.

Data plan for iPhone Version 1.0 was about $20 with some text messaging.
Data plan for iPhone Version 2.0 will be $30 probably without text messaging.
$10 per month over the mandated two years yields an extra $240 dollars. With SMS will probably at least cost $5 more a month.

Over a two year plan, the new iPhone version will cost users at least $40 more than the old iPhone.

For somebody buying an iPhone for the first time, it may not be a killer cost. $40 more to get GPS and 3G speeds is not bad. However, many users will not fall into 3G coverage even if they have a 3G capable device.

I am not saying that the new iPhone is not worth it. I am certainly impressed with my original version. The press, however, should not just swallow Apple’s PR that the new iPhone version is ultimately cheaper.

(Oh, and it would be a mistake to think that one could buy one and unlock it without signing up for an AT&T account. Devices will not be sold without activation anymore.)

Hey, Guys. I am typing this as I watch the live reporting from MacWorld.

1. Time Capsule

This device is an Airport Extreme Router with built-in hard drive. Of course, the AirPort Extreme has always supposedly supported connecting a drive to it via USB. It’s just never worked well. This looks like a local backup options for notebook owners through Leopard’s Time Machine. Of course, if your house burns down, you still are dead with all of your content and backups in one place.

If they can do this, it is sad that you cannot just backup to a USB drive connected to the router.

If you can sync your music/videos/photos, then it gets a lot sexier. 500GB ($299) and 1TB ($499) versions will be available.

2. New free iPhone/iTouch Features

  • SMS Multiple People at once
  • Webclips = website bookmarks on your home screen. Very map related.
  • Chapter and Language Options in iPod mode
  • Maps with localization using Google’s cellphone triangulation and wi-fi hotspot signals.
  • Customize the home screen
  • iTouch can get the following programs for $20
    • Mail
    • Stocks
    • Notes
    • Weather
    • Maps

3. iTunes Movie Rentals

All major studies to provide rentals through iTunes. The user has 30 days to start watching once purchased. Once started, the user has 24 hours to complete the viewing. New releases $3.99 and standards are $2.99. iTunes and suppported devices being upgraded today to support the rentals.

4. Apple TV Take 2

The new AppleTV will support true HD. The device can be used with or without out a computer. This includes purchasing and renting. It will sync from flickr, .mac, podcasts, etc. HD movies can be rented at $4.99. Old Apple TV devices will receive a free software upgrade to enable these features.

The price of Apple TV decreasing to $229 for the starting price for the 40GB.

5. MacBook Air

“The World’s Thinnest Notebook.” The thickest part is about 3/4 of an inch. 3 pounds. The display is a 13.3″ widescreen with LED backlight. It has a 13.x inch display with LED backlighting. It has an iSight camera. It has an ambient light sensor with backlit keys. It has multitouch/gesture trackpad.

1.8″ Hard Drive 80 GB hard disk standard, but 64 GB SSD is an option. 2GB memory is standard. CPU is Intel Core 2 Duo with 1.6 GHz Standard and a 1.8 GHz Option. Bluetooth and wireless n are included. Optical drive is available as accessory. Battery life estimated to be 5 hours with wifi on. The device is greener for the environment.

Software is installed from an optical drive on any microsoft or mac computer (loaded with special software).

Price starts at $1799 and will start shipping in two weeks.