Since the iPod nano comes in a variety of colors, it wouldn't be too much of a surprise to think that a red iPhone 3G model could be in the pipeline for the coming holiday season. I myself would take such whispers with a huge pinch of sale, but if it were to be recruited under the (PRODUCT) RED campaign, then there is a very high possibility of the colored iPhone 3G handset being released then, in line with Apple's past policy of availing some of its products in the past to this campaign as well. Expect this to fetch a relatively high price in the second hand market if it ever gets released.
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