Personal observation (disclaimer, non iPhone owner):

EVERYONE I know who wanted an iPhone really badly got one pretty soon after launch, or at least sometime last year. They're happy - and it's rare the product breaks down or whatever, and even if it does, they know the consequences.

I suggest let the recession proof malaysians go and buy this Maxis Cheatiphone to boost the local economy. The rest either already have them (or like me) will wait for ppl to sell their old 2G ones in Garage sales hehehe