For those who think the cost and possible 2 year contract will hurt the iPhone here is a little lesson in history and economics...
http://www.engadget.com/2004/11/17/motorola-razr-v3-now-officially-on-sale-at-cingular/
http://www.engadget.com/2004/11/17/motorola-razr-v3-now-officially-on-sale-at-cingular/