Capitalism
You guys are complete idiots. You blow every little thing about the iPhone way out of proportion in a desperate attempt to make it sound bad. Before today one of the main points you chose to complain about was the price. Apple responds by drastically reducing the price (while adding features) and now you are complaining about THAT. Obviously Apple is completely within their rights to price the phone aggressively (hey, they aren't giving it away to attempt to kill off the competition or pricing it below cost to steal market share like, for example, Microsoft has done in the past). Anyone that purchased an iPhone in the past 14 days is covered by Apple's price-protection policy and can get a refund, but honestly they are not required to provide even that. This is capitalism. Pure-and-simple. Demand for the iPhone was probably higher than any other consumer electronics device at launch, supply was obviously limited, and that inevitably led to a high price. If you bought the phone already and justified it as being worth $599, absolutely nothing has changed with that justification.