Rumor is turning into fact that there will be an iPhone 5 release set for fall.
I love the phone in white, had it with my 3GS, and want it again. However, I can't wait a year if the new model will have that option, like the 4 did.
I'm waiting until September to see what the 5 looks like. If I like it, and there's no other color option (heard it'll be like the new iPad 2), I'll gladly fork over $199. If not, I have some considering to do.
Also, the price point on the 4 may and should be different.