*I know this has been discussed but the threads are old and scattered...* For those of you getting the Verizon iPhone, who is planning on getting it on a 1-year contract IF available. Basically every phone purchased through Verizon can be had on a 1-year contract instead of 2-year, for an extra $70. It's a mystery if the iPhone will be included. Here's the logic: $270 for the 16GB on a 1-year contract. In one year (maybe have to wait until Summer 2012 the first time) you will be eligible for upgrade pricing again. Sell the one year old phone for AT LEAST $270, and buy the new model, for $270 again. So as long as you can get $270 for your used phone (it's only a year old, so you can probably get more) you get a brand new iPhone every year and it doesn't cost you a thing.