It could basically be the 3G iPod, with the added benefit of you being able to make it a full fledged iPhone if you desire.
I’d been wondering where this mysterious prepaid, teardrop-shaped iPhone was going to come from, and now I think I have my answer: it’s not the next iPhone, it’s the next iPod, and it just happens to have a SIM card.
(Source: daringfireball.net)
