sell it and donate the money to China Labor Watch (
http://www.chinalaborwatch.org/),
these guys are more in urgent need of a strong labour union than you are in need of a new iphone every year.
so it's coloured and has nearly same hardware as the one you already have which is fully functional...seriously?
any sense of sustainability?
apple is the f***ing mcdonalds for hightech products combined with a cult- like marketing strategy that let's even scientology go green with envy.
(in a year they add extra rhinestones made out of steve jobs' ashes to sell that stuff)
edit: sorry for ranting...i'm a bit overtired but nevertheless I can't stand that lifestyle of irrational consumption