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So I take it the $500 pricetag is including being subsidized by Cingular? Most smart phones are 100-200 cheaper with a contract than buying straight out, but i'm assuming the iphone isn't. I'm content that outside of the Itunes part, my current phone can do all the same things (though the screen is only 240x320 and not as sharp), but I'll be damned if I won't get an iPhone anyway.
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