The post title pretty much says it all.  AT&T, including brick and mortar stores and online, is now selling the iPhone 3GS for $49.99.  This offer applies to both new and upgrade-eligible existing AT&T customers.  Don’t have the cash to plunk down $199.99 for a beefier iPhone 4?  Now you totally have a viable way into the cellular-enabled iOS universe.  Full PR after the break.

Update: Apple’s gone ahead and matched AT&T’s low, low price of $49.99 for the 8GB iPhone 3GS.  I smell a new product release…is that you, Verizon iPhone?

[Via Engadget] Continue reading AT&T now offers iPhone 3GS for only $49.99 [Update: Apple, too] →