iPhone 3G S

I can't wait to get it, my current phone's battery is starting to die the past month or so, only holds about a day's charge. Didn't want to pay for a new battery in the mean time so I'm glad they're releasing this in June.
I've been using the beta version of the iPhone 3.0 OS for a few months and it rocks, and as always Apple's API's are a joy to use. Since I use it for development I can write off most of the cost of the hardware ;) Now I just have to actually
I've heard from a couple people that it's kind of a boring incremental update, but since I have the original version of the iPhone, it's actually a fairly large step up for me. Mostly, due to the 3G network and 4x as much storage. 32gb, yum. Also, the new camera is a huge upgrade, w/ auto-focus and macro. Sick of blurry looking crap photos.
I definitely will consider getting one seeing as the price is reasonable. What I don't understand is the 7.2mbps HSPDA. Do we have that here? The whole time it is just the phone hardware holding back the speed?