Just in time for the holidays AT&T is now offering up refurbished iPhone 3GS devices online for a discounted price with free overnight shipping and no activation fee. Both 16GB and 32GB flavors are offered as well as both black and white models.

The 16GB model is on sale for $49 while the 32GB is going for a cool $149.00. Of course the regular two-year contract is mandatory along with new activation if you want these low prices.

If any of you are in the market for a iPhone 3GS on the cheap this is the deal you may have been looking for. Any takers?