iPhone 5 possible price

I was reading an article published in The Times regarding the new 4G network and it mentioned that phones that are 4G enabled are most likely going to be 50% more expensive than the same phone without 4G. Could this mean that the new iPhone is around £750? If so will they produce a non-4G version which will retail for the same amount as the 4s does now? I also hope they get the 4G right unlike with the current iPad (version 3) which is 4G, but only available in the states. I am looking forward to the new iPhone 5, but I do hope they do not overprice it.

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