I seriously doubt AT&T is going to charge a $175 cancellation fee for buying V2.
They have never charged a cancellation fee before when changing plans or phones.
Since the Iphone is not subsidized AT&T will be more then happy to sign you up for another 2 years, your contract ends and restarts with another 2 years from when you purchased V2. So effectively they are locking you in for say almost 3 years now without giving you any money off the phone.
I really think MMS and mass texting needs to be addressed. I really want 3G as well, GPS would be nice but its not a deal breaker.
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