I hadn't reconsidered this since the news broke about Verizon iPhone being unlocked but this fine fellow reminded me...
Is there anything I'm missing here, does doing it this way secretly mess with your credit score? If not why isn't everyone who wants it unlocked going this route? If his math is right shouldn't it save you $100 total? When you factor in the $36 less sales tax you'd have to payon a $299 phone vs a $749 one.(assuming its 8% in your area)I think it's actually cheaper to buy the phone with a contract and cancel it the same day... It should work out like this:
32GB no subsidy: $749
with subsidy: $299+350(etf)+35(activation)+(80/30)(one day of service)=$686.67
Today I picked up my VZW iPhone, activated the phone with the VZW SIM, then went straight to the VZW store to cancel the account. No problems at all. It's unlocked (tested with ATT and Rogers SIM), and works great. One thing I noticed, I checked the unlock status on dev.mk before turning it on, and it said "LOCKED". But once I activated with VZW SIM, it changed to UNLOCKED immediately.