College students: Is the iPhone 4 a phone for you?

Behold: The iPhone 4 has arrived. See people weep, computer nerds scream with joy in the streets. See even the most dedicated Apple fans toss their iPhone 3Gs into the river and run like salivating Pavlov dogs to the nearest Apple Store...

Well, maybe not. And with a price tag of $199 for the cheapest model, college students on a tight budget might think twice before picking up the latest in "future is now" technology. What's more, there are a lot of questions about the price: "What if I already have an iPhone?" "What if I don't have AT&T?" Or: "What's the deal with the data plans?" White or black phone? That's the least of your worries.

Let's take a look at the benefits and drawbacks of the iPhone 4 for college kids. (For more in-depth impressions of the device, you can check out Engadget's analysis of the phone here and a thorough comparison to the iPhone 3Gs here.)