My friend put his 16gig 4S up for sale.....not even 3 weeks old....the offers that he's getting are $360-$400 but he has it listed for $480......seems pretty low for an iPhone that came out 2 months ago. I usually see the iPhone 4 in those price ranges. Granted, the iPhone 4 can be tethered JB on the latest firmware...but the prices seem off. Brand new 4S can be bought for $500 here in NY. I wonder if the "No Jailbreak" is the reason for the low price tag. Hmmmmm or is the apple resale value slipping?