iPhone 3G Pricing ... It's aggravating!

So, I was reading some information about the release of detailed pricing from AT&T today, and I found out some information that irritated me.

First off, if you're not too familiar with the pricing plan that AT&T has, here's the skinny: If you're a current AT&T customer, and eligible for an upgrade, you can get the 8GB iPhone 3G for $199, and the 16Gb for $299. However, if you are NOT eligible for an upgrade, and you are an existing AT&T customer, you would have to:
1- Pay $399 for the 8Gb, and $499 for the 16Gb
2- Reset your 2 year contract with AT&T.

As a side note, there also seems to be some rumors that there will be a no-contract option for the iPhone purchase, which will be $599 for the 8Gb and $699 for the 16Gb. This apparently, may not be available for a few months though.

Now, the reason as to why I'm aggravated. I used to be a happy Verizon customer, and had the XV6700 with which I was extremely happy for the most part. Due to Apple striking the deal with AT&T, and due to the fact that I really liked the iPhone, I decided to bite the bullet, and move to AT&T. This was before there were any rumors of the iPhone 3G roaming around. When I moved, I decided to get the Blackjack as a backup phone, while waiting to get my iPhone. During that time, I heard that a new version of the iPhone will be coming out, so I decided to lay low until the new one was out.

Well, for me, as a new AT&T customer, I had moved carriers just to get a handset that I really wanted, and now, I get stuck with, not only having to pay the full price of the handset of the first generation phone, but also an additional $10 / month for my data plan.

Even with the $299 price-point for the iPhone 3G, and the $10 increase in the data plan, I would still be short some $150 or so by the end of my 2 year contract. Now, I guess I have to do the math for what the iPhone would end up costing me by paying the full premium for it, as well as the added plan cost. Not to mention the additional, (optional... ridiculous! ) text plan, which will nicely tack on another $20 / month !

Hmm.. now I have to wonder whether the iPhone is a good investment? or would I be better off terminating early with AT&T and getting the Samsung Instinct from Sprint, at least, with that, I would get the new customer device discount..... plus, the Instinct is looking like a very sweet phone from the looks of it..