The Iphone has lots of software, since they recently released the SDK the list of 'killer apps' grows every day.

this seems pretty standard, every cellphone I've ever purchased came w/ a 1 year contract. I'm sure at&t is paying apple far more than $199 for the iphone... since they are capitalists, they'll prolly get $90 out of you every month for 24 months... at&t has a brutally efficient billing department... they WILL get their money.

Personally I'm gonna go4 the 16gig iphone ($299)

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Cheers,
Robert