Doesn't make sense to me that the 1-yr contracts didn't go away. Maybe we're in for sticker shock when we see the new 1-yr contract prices. But if it's $240 for 2-yr vs. $300 for 1-yr (which actually cost them more), it's a no brainer to go 1-yr. Unless you're strapped for cash, in which case you shouldn't own a smartphone (though millions do anyway).
It's a very scary thought that this isn't just the IPhone but maybe all smartphones only subsidize a 2-yr contract .....so CHOOSE WISELY. Could be a lot of unhappy campers if we find out the new phones from CES are $600 retail or $300 with a 2-yr contract and no chance of an early upgrade.