You wonder if this contract-free price reflects what Apple is charging the carriers or if the carriers are padding it to discourage people from buying contract-free.

Or padding it to make some money off the deal.

Any chance these unlocked units will make it to the gray market like other phones? Phones from Nokia and other brands start out around $1000 and eventually end up around $400 at gray marketers.

Or does Apple have a restrictive enough distribution to prevent this from happening?