Sure. They'll charge what they can. If phones were sold at list price without a contract, they'd have a price set by the market and not solely by backroom negot

Sure. They'll charge what they can. If phones were sold at list price without a contract, they'd have a price set by the market and not solely by backroom negotiations. I'd expect a contractless iPhone 4 to run a ~$150 premium over the iPod Touch, similar to the way the 3G iPad adds about $150 to the Wifi-only iPad. Certainly not $400.