iPhone wannabe newbie

[sosnow]

I already tried to search for the answer but have not had much luck.
Here is what i want to do, please advise:
1. Buy iphone from apple store today
2. Activate it through itunes/ATT today.
3. Cancel my ATT plan tomorrow. (within the 3 day cancellation period)
4. Use the iphone going forward without the phone services.

Am I missing something or can it be that simple. I do not want to use the iphone as a phone, but I do want to use all of the other applications.

I already have used the itouch, but i need a built in speaker. And I do not want to buy an addon to the itouch.

Thanks for any advice

 

[Speedracer04]

Yes, except for it when apple releases another update like this one which causes you to reactivate then you might be in a little trouble.

 

[ivi7]

Yes, except for it when apple releases another update like this one which causes you to reactivate then you might be in a little trouble.

Exactly, thats the only problem you will run into according to me.