Steve Jobs -- who still boasts a decent shelf butt (see image) while doing God's work -- has cut the price of the iPhone. Now "the 8-gigabyte iPhone will be $399 -- $200 cheaper than the same model when it went on sale in June. The 4-gigabyte iPhone, which sold for $399, will be phased out."

Also, new iPods will have touch-screen capabilities and allow wireless downloading. Which? Eh. Since the advent of the talking picture box, music doesn't play an important part in our lives, so ours collects dust. But we understand most people love the thing.

Anyway, it seems that Apple stock nosedived five percent since the price slashing announcement. But when you can start watching good/bad Broadway numbers on your phone in public, who cares?

Image: AP Photo/Paul Sakuma