They heard the complaints and responded in less than 24 hours with a $100 store credit. Having purchased (2) iPhones on iDay, it's nice to see the company responding to the iPhone community. I understood their decision to cut the price, but I also understand how customers felt slighted. I think this turns into a win-win. We'll see the iPhone community grow, we still all got to be first and the price difference is neg legible. Personally, I'll have no problems spending $100x2 at the Apple Store.
Credit to Steve Jobs for listening to Apple's customers and acting.
-Chris