There's a class action lawsuit brewing over the price cut and the discontinuance of the 4GB iPhone. I have no idea if this class action lawsuit has merit or not, but it looks like Dongmei Lee want to be a millionaire:

'For those claims which the Court is still likely to take into account, Li is requesting compensatory damages in the amount of $1 million, punitive damages in the amount to be determined at trial, and a court order that she is entitled to "threefold her damages, the costs involved in maintaining this action, and attorney's fees."'

Dongmei Lee's class-action lawsuit doesn't address the bricking of iPhones with the recent update, so maybe iPhoneClassActionLawsuitVille will be a two-horse town sooner rather than later.