PC World posted a news story that Wal-Mart will begin selling the iPhone 3GS for just $97, starting Tuesday

This announcement comes just a couple of weeks before Apple's 2010 Worldwide Developer's Conference (WWDC), the annual event at which Steve Jobs typically announces the newest iPhone model.

Presumably, Wal-Mart is anticipating that Apple will not only announce a new iPhone (one that we've already seen), but that Apple will also cut the price of the iPhone 3GS to $99 once the iPhone 4G hits the shelves.

  Wal-Mart Cuts iPhone 3GS Price by $100