I posted a story yesterday about Apple’s price cut on the iPhone. While I was upset that the price dropped $200, I understand how the technology market works and the “cost” of being an early adopter. I’ve jumped in head first in the past and I’ve waited for version 2.0 of products as well. I was able to move on from this and turned a small sneer to everyone complaining left and right about how Apple screwed them over.

Well, turns out the clamor had an impact on Steve Jobs and Apple. He issued this open letter today. He laid out Apple’s rationale but then said that he knows he has to take care of Apple’s early adopters. He’s offering a $100 store credit to those of us who bought before the price was dropped. Details will be forthcoming next week.

Kudos to you Steve. While I was willing to accept the tax I paid to have an iPhone in the 2nd week, I really have to commend you and Apple for stepping up to the plate on this one. This is another reason why I’ve been with Apple since 1986 and why I’ll be with them forever!