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I think all of those are very good points. The $20 charge - for early adopters again! - is unbelievable. They obviously feel like the iPhone price cut thing went well.
I also think your comments about Apple's ability to crank the updates out quickly is a big deal. Only Nokia / Symbian should be able to match them ijn that area, and it does give them a big edge. Now if they could just throw in a few more basics on the next update ...
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