I bought an iPhone 4 the day they came out on ATT. 5 days later my 3 year old dropped water on it by accident. I don't believe in insurance and have been on a prepaid till today. When I talked to ATT they told me that they didn't care that my phone was broken and told me I would be eligible for an upgrade on 2-25-2011. I asked what my buy out plan was and they quoted me 140. They said i could upgrade for 650. I have been with ATT since before the iPhone existed. I told them if that's there stance not a problem. Canceled on the spot. Payed $300 for the phone and $140 for the buyout. 440 is better than 650 by my math. Verizon here I come.