With the arrival a new and better iPhone 3G S, the price of the iPhone 3G will naturally go down, but surprisingly, the cost of a refurbished iPhone isn’t that much more affordable. AT&T has released their first batch of refurbished iPhone 3G units and the most savings you can get is just a measly $20 off its price (8GB iPhone 3G: $79, 16GB iPhone 3G: $179) and that’s still on a new 2-yr contract. Sure, savings is still savings however which way you look at it, but we were hoping it would be something more substantial than just $20. Nonetheless, if you don’t mind skipping out on video recording capabilities, an integrated digital compass, HSDPA connectivity, and a faster performance in order to save a few bucks, these refurbished iPhone 3G units might just be the one you’re looking for.

[tuaw via bgr]