After yesterdays rumours of a very highly priced 3G iPhone in the UK, O2 have today revealed the much speculated pricing – and we’re pretty damn happy!

Let’s get straight in to it… The 8gb 3G iPhone will cost £299 (pretty close to our prediction of £279!) The 16gb will cost £359.99. And guess what? All users get 6 months FREE unlimited 3G and WiFi access. That is pretty fucking awesome. Sign me up for the 16gb model.

You can get more information directly from O2 by clicking here.

Update: Mysteriously, all mention of these figures have vanished from the O2 site in the past ten minutes. Maybe they were not supposed to upload this information so early? Hmm, strange.

Gadget magazine Stuff is reporting that they have confirmation on the price of the 3G iPhone over here in the UK – and if it’s true, there are going to be a lot of pissed off people.

According to Stuff, the 8gb model will come clocking in at a massive £370 (~$750) while the 16gb will be a hefty £470 (~$950) – ouch. This is by no means officially confirmed, though Stuff have had a decent track record when it comes to rumours. Of course, this means our own predictions were way off. Maybe we were just dreaming.

So yeah – there may be some truth in these numbers; but really, £470? Ouch. That’s more expensive than a PlayStation 3.

Following the rumour that O2 would offer the iPhone for free to customers yesterday, they’ve now confirmed this and announced several other things. Here’s the details…

• O2 to Launch iPhone 3G in the UK on July 11(as previously announced by Apple)
• Available on consumer tariffs, business tariffs, and Pay As You Go (!)

Pay As You Go is fantastic news, and I wasn’t expecting it despite the rumours. No price has been announced for the phone on PAYG just yet, but we’ll keep you informed.

The price for the 8gb phone on a £30/month tarrif will be £99 (pretty good deal, we guess), but if you choose a higher £45/month tarrif you’ll get the 8gb model for free.

The price for the 16gb phone is £159 on the £30 and £35 tariffs, £59 on the £45 tariff and it will be free on the £75 tariff.

Based on the prices outlined above, we’d guess that a Pay As You Go version would cost around ~£199 for the 8gb model, and ~£249 for the 16gb model.

TechCrunch UK have apparently had a source from O2 confirm that the 3G iPhone will be free on an 18 month contract to new O2 customers, but £100 for existing customers. This is not officially confirmed by the carrier, so take it with a pinch of salt – it sounds pretty realistic, though.

Hopefully there will be a Pay As You Go version on the phone, or at the very least, some cheaper tariffs.

Word on the street is that O2, the exclusive carrier of the iPhone in the UK, will be launching a slew of awesome new tariffs and deals for the second-generation beast.

According to analysts, the 3G-enabled iPhone could be selling for as little as £100 on a mid-range Tariff, and even free on higher level price plans. Currently, the cheapest tarrif O2 offer on the iPhone is £35 per month; this is simply too much for a lot of light mobile phone users – myself included. We have heard that O2 will be launching two new iPhone tariffs, priced at £15 per month and £25 per month.

Additionally, we hear there are solid plans in place for a contract free Pay As You Go version of the device to be launched for £249.

All in all this is excellent news and should boost iPhone sales considerably in the UK market.