On the bright side, if you purchased your iPhone after May 27th AT&T will allow you to swap out to the 3G at no cost. Of course, the new phones are $200 less and there's no mention of a refund, and you have to resign a two year contract, but hey its something! The 3G won't be available online and can't be activated in home either, only at Apple and AT&T stores. Better clear your schedule on July 11th...and 12th, just to be safe.
source: Gizmodo, twice
Update: According to PhoneDog, AT&T head man Ralph De La Vega has also confirmed that the previously included 200 text messages are gone. That means at least another $5/month, bringing the two year difference up from $240 to $360. Of course text messaging is optional, but Steve himself said 90% of iPhone users are doing it. At this rate the $199 is looking more and more like a ripoff rather than a steal!