In response to a question about the 3G iPhone release Stephenson is quoted as saying, "You'll have it next year".  Stephenson indicated that he has no knowedge about pricing for the new model and indicated that Apple CEO Steve Jobs will determine the price.

In statements to Bloomberg, Piper Jaffray analyst Gene Munster who follows Apple, stated that the "the prospect of a new handset may make some shoppers put off buying an iPhone this year".

Steve Jobs on 3G and the iPhone
In his defense of a non-3G iPhone, Apple's CEO  Jobs said in September that the iPhone's battery life would be reduced if supported on faster networks. The current iPhone models have eight hours of battery life.  Jobs stated at a news conference in London that current 3G chips for mobile phones are "real power hogs".  He has also stated that "We've got to see the battery lives for 3G get back up into the five-plus-hour range," and "Hopefully we'll see that late next year".

Apple is currently projecting to sell 10 million iPhones worldwide in 2008.  Through September, Apple had sold 1.4 million iPhones.

You can view the entire report at Bloomberg.