That definitely works. My wife and I switched from Sprint to AT&T and picked up 2 Razr V3xx's. Two days later I ported a number from the V3xx to an iphone via iTunes and all is good. No problems at all and I did that in October.
You are right when you say that your 2 year clock resets because of the iPhone.
Now what I want to know is will I be able to hactivate my new iPhone 2 and swap SIMs from the old iPhone to the new one without resetting my contract AND retain the full 1 year warranty?
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