Do you really really really want an iPhone?
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Check out this
post from Lifehacker:
So you want an iPhone when it ships in June (who doesn't?), but you're
locked into a contract with your current provider. Try Celltrade, a
service that helps you transfer your contract responsibility to someone
else and effectively walk away without paying a hefty penalty.
(from: Ditch
your phone contract with Celltrade)