If you dont want to stand in the long queues to buy an iPhone, you can buy them off eBay for the paltry sum of $660 (upto to $1500) 
Everything sold by Apple is way overpriced. I am not giving Steve Jobs any of my money.
Edit:
More on this outrageous hype from Information Week :
“Craigslist is running ads from people offering to either hold a place in line for iPhone customers, or to buy the phones outright.”
Read the full article here.
Edit # 2:
You can see the ‘internals’ of the iPhone here.
Edit # 3:
iPhone reselling seems like a bad idea 
Now with the $200 price cut, any reconsiderations?
Or would you wait to see what happens over the holiday season?
Now this could be a good deal if there is no attached data plan. I intend to get an iPod, but an iPhone with no baggage would tempt me