Finally, and after a long, long wait, the next-generation iPhone is due out in just a few days. Apple CEO Steve Jobs was expected to announce the iPhone 2.0 Monday at the opening of Apple’s Worldwide Developers Conference in San Francisco.

There have been rumors that the 3G iPhone will let consumers download songs directly from iTunes over the AT&T cellular network. The latest version will support 3G, which means much faster wireless networking. Improved location services and GPS are expected.

A 3G iPhone is the Apple of the wireless world’s eye. AT&T is ready for the device, with an upgraded 3G network to handle the traffic and downloading speeds of up to 700 Kbps to 1.7 Mbps and uploading speeds of 500 Kbps to 1.2 Mbps. 

Apple is offering support for corporate e-mail and a host of new applications that could help the iPhone compete with the Blackberry on the business front, so Corporate users won’t be left out either.

What about the price? The 3G iPhone could cost as little as $199, thanks to an AT&T subsidy. That last point, if true, could draw the ire of first-generation iPhone consumers who shelled out several hundred dollars more for their devices.

Will Apple Spurn Early Adopters? The long-standing rumors of a 3G iPhone at a lower price will undoubtedly be met with enthusiasm, Fischer said. However, he added. There might be some angry early adopters but most people will just enjoy the cool new features and of course, the lower price.