AT&T Taking Pity on Recent iPhone 3GS Buyers With Upgrade OfferS

As part of a "one-time Customer Price Protection" program, AT&T is helping the poor suckers who bought an iPhone 3GS in the month before the iPhone 4 was re-revealed. They'll credit your account some dough or let you trade up.

How nice of them! According to an internal memo over at ModMyi, if you bought an iPhone 3GS after May 7, you'll be able to get credit to your account—$50 for a 16GB and $100 for a 32GB—or put the entire cost of your purchase toward an iPhone 4 upgrade. But act fast—you only have 30 days after your original purchase to make the move:

This one-time Customer Price Protection will allow customers who purchased iPhone 3GS 16GB/32GB through a Local Dealer from May 7, 2010 until June 7, 2010 to receive a bill credit for the difference in the Manufacturer's Suggested Retail Price in May 2010 and the new Manufacturer's Suggested Retail Price plus sales tax. This special one-time credit from AT&T will be provided to customers of Dealer regardless of what price the customer actually paid for their iPhone.

* Customers who purchased iPhone 3GS May 7th through May 14th will have until June 14th to visit the original location of purchase and receive this one-time bill credit
* Customers who purchased after May 14th will have 30 days to complete their price protection transaction by returning to the original location of purchase
* The Price Protection Credit applied to the customer's account will equal:

* $50 for the 3GS 16GB
* $100 for the 3GS 32GB

Return/Exchange Policy:

A customer who purchased iPhone 3G/3GS through a Local Dealer from May 7, 2010 until June 7, 2010, who would like to exchange it for iPhone 4 and pay the price difference, will be able to do so.

Kudos to AT&T for talking those people who thought they were stuck with last-generation's iPhone for two years down off the ledge. [ModMyi Forums]