Cheaper iPhone on Monday?!

Rumor mills are digging hard about anything Apple for sure. A number of sources say Apple will introduce a cheaper iPhone as soon as next Monday during WWDC.

It’s logical to reduce the price of iPhone to get more momentum in its market share under the current condition of economy. But I wonder what would be the feature left out. Right now, for those not interesting in iPhone are saying it is lack of features they really need or not up to their expectations. If there are more features to be removed from it, will it piss off more people? Or will it gain some new ground for the lower budget consumers?

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