If some of you are wondering what to spend your XMAS money on this year, Wal-Mart have an awesome deal going for 8GB iPhones at the moment. You can pick one up for just $197 and there are 16GB models on offer for exactly $100 more.

It isn't quite the mega $99 deal that 4GB models were rumoured to come in at around this time, of which has now been dismissed entirely. But it's a great opportunity to pick up a higher capacity model at an attractive price point nonetheless.

Thanks to Yahoo for the heads up.