If I went and got an iPhone 3G, and then called the next day and said that I'd lost the phone and wanted to cancel my contract, they'd let me pay the $70 on the first bill and the $175 ETF fee and end it, right? Or would they force me to wait until after the 30 day period? If so, I'm planning on getting an iPhone and "losing" it. (And then "finding" it as soon as the contract ends.) New iPhone - $199 Activation Fee - $36 First Month - $70 Early Termination Fee - $175 TOTAL (w/o tax) - $480 Assuming I didn't end up paying for two months of service, it looks significantly cheaper than buying the $599 iPhone 3G. Anyway, just posting this here to make sure that my math is OK and that it is possible to end your contract in the first 30 days and keep the phone.