My personal opinion after owning both phones is the I4 is the better phone, i thought the lack of Super AMOLED screen would be a downer but the high rez of the I4 screen is amazing after using me bro's G S i could see how inferior the screen was due to resolution, and if taking pictures is a big factor the camera on I4 is better and the HD recording is superior also.
I don't miss the I4 as i hated Itunes hate it with a passion but out of the 2 the I4 is a better phone but does have a higher premium also, the only thing i don't like about Android phones is they soon drop prices, look at the Iphone 3g still around £180 on ebay for the 8gb model that's insane money for the spec, i already seen Galaxy S go for £280 mark.
That's why I wouldn't really be fussed in paying a premium for an I4, for example. You pay more initially however they hold there value incredibly well. (Though I don't really sell phones, they lay around in a draw) but it's nice to know it's still worth something. The amount the old 2G iPhones go for is ridiculous!
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