Will a $199 Price Tag Debase the iPhone?

Rumors are swirling that Apple may release an unlocked iPhone by the end of summer, while AT&T offers users a subsidy on its iPhone. Scott Moritz of Fortune magazine reported that when Apple releases its 3G iPhone this summer, AT&T will slash $200 from the price tag with a two-year contract. The deal has sparked intense debate in the Apple community, ranging from those who don’t believe the phone company will offer the rebate to those who believe Apple has decided to release an unlocked phone, breaking its exclusive deal with AT&T.