according to this report the new iphone may be as low as 199$ after a 200$ rebate!

AT&T Inc. will subsidize $200 of the purchase price for new iPhones this summer, according to a story posted by Fortune today, reducing consumers' out-of-pocket expense for the popular device to as low as $199.

Apple Inc. may not publicly say "thanks" to its wireless partner, a researcher said, but it could hardly object. "Apple will be saying 'Okay with us if you want to increase our sales' to AT&T if they do this," said Ezra Gottheil, an analyst at Technology Business Research Inc.

Citing an unnamed source, Fortune claimed that AT&T will subsidize the price of new iPhones capable of accessing the faster 3G data network that the carrier is currently expanding in the U.S. AT&T's $200 rebate or subsidy would be limited to customers who sign a two-year contract; it would not be available through Apple, which also sells the iPhone.

AT&T to cut iPhone price by $200, says report

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Not bad, i still think the phone is waaay over rated, and with apples awesome battery manufacturing skills and no removable battery from it, i still wouldn't take the chance

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I'm getting one as soon as my t-mobile contract is up

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