Will iPhone 3GS support iOS 5?
Apple did try some damage control by releasing an update that promised to speed things up, but it wasn't too helpful. Eventually, Apple decided to drop support for the old iPhone, starting with iOS 4.3.

The new iOS will support the iPhone 4, iPhone 3GS, iPad, and iPad 2. Moreover, it will support the third and fourth generation iPod touch. While that may seem to be good news for many, the question now is: how well will it run on older hardware?
It extended support to the ageing iPhone 3G when Apple released iOS 4. Nonetheless, it was later found that after installing the new iOS, the iPhone 3G would become so horribly slow that we can not use it properly or was almost impossible to use.
Apple did try some damage control by releasing an update that promised to speed things up, but it wasn't too helpful. Eventually, Apple decided to drop support for the old iPhone, starting with iOS 4.3.
Let's see what happens. But you should never forget to buy iPhone insurance to cover it from all thefts, damages and losses. iPhone insurance will cover your iPhone for sure, but you should go for a reliable iPhone insurance company.
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Company Name: iPhoneInsurance UK
Address: 7-10 Chandos St, London W1G 9DQ
Email: coverme@iphoneinsurancecover.co.uk
Website: http://www.iphoneinsurancecover.co.uk/