The $150 iPhone
AT&T is selling refurbished iPhones for $150 shipped, with a 2-year contract. This gives you a pre-tax, pre-fees total cost of ownership of $1,830 instead of $1,880.
Oh, and you only get a 90 day warranty. And the possibility of "minor scratches."
Refurbished cell phones [AT&T via CNET]

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Right, unlike all those other cell phones that give you two years of free phone and data service!
Anyone know what the cancellation of service policy is? With the 3G soft unlock around the corner I'm thinking upgrade.
@SOMEVELVET: Yes. As opposed to those.
@ THE NAME: I bought a new 3G from AT&T and the ETF was $200, pro-rated by $5 every month. I cancelled after 2 months and paid $190 and that was that.