Pretty well torches my hopes of Apple as a micro-carrier reselling Apple-branded wireless on someone else's pipes.
Here's the Reuters article.
An iPod video is starting to make more sense now. Transition current iPod owners to an iTunes-capable phone, reap the licensing fee for doing little more than developing and supporting the software, and up-selling the buyer to an iPod video. Cingular will carry the ball as far as marketing the RAZR, and Apple can focus this Christmas on a new product that current iPod owners will want to buy.