Even as iPhone mania continues to dazzle now and then, there's word about a version of the gizmo that will run on a faster wireless network, giving users a faster way to surf the Web.

The cat was let out of the bag -- so to say -- by AT&T CEO, Randall Stephenson, who was speaking on the sidelines of an event in Santa Clara late Wednesday.

However, as regards the price of the new version iPhone, Stephenson said he didn't know how much more it would cost than the current version, which sells for $399.

Meanwhile, an Apple spokesperson declined comment on the issue.

All said, one of iPhone's oft-criticized drawbacks is that it runs on AT&T's 'slower' EDGE network. As such, the industry has been anticipating Apple's making its iPhone work on faster 3G networks at some point in time. However, no one knew exactly when -- up until now!

More iPhone:
Apple Launches iPhone in France