This is not a bashing thread, so please be civil! With the new iPod touch available this week, you get 8GB for $229, 32GB for $299, or 64GB for $399, in a VERY thin package. With the iPhone 4, we get 16GB for $199 or 32GB for $299. Now, the differences between the iPhone 4 and the iPod touch are: 1.) Better rear-facing camera on the iPhone 4. 2.) GPS on the iPhone 4 3.) Phone on the iPhone 4 (3G chip etc etc) 4.) Speaker-phone and earpiece on the iPhone 4. Is there anything else? That doesn't look like all that much to me, yet we're made to pay for a 2-year contract with our iPhone 4s because they are "subsidized." I know not much has changed over the last few years and that the iPod touch has for the most part always been an iPhone without the phone, but this year it seems even more so that this is the truth. There's more to it - of course. The iPhone had a lot more R&D I'm sure, with regard to the stainless steel band, the screen tech, the uh... antenna placement, but still, it feels like we're still getting ripped off with 2-year contracts. A 1-year contract I can understand. But 2 years? Really? Any thoughts, people?