Apple iPhone 3GS 8GB prices dropped to Rs 19,990. Would you be interested ?

Now that the price of iPhone is dropped to Rs 19,990 it has become very affordable for a mid range buyer but the question is would someone be still interested in iPhone 3GS?
Given that iPhone 3GS runs the latest iOS i.e. 4.3 and also it will upgrade to iOS 5 which is around the corner and will be released within a month, its a fair deal.