Apple iPhone price without contract

Over in Germany, iPhone prices have been listed and they are steep. So even though Cingular is saying Apple will not allow them to discount the price of the iPhone, $499 is the discounted price. In Europe the unlocked (as most phones there are sold) iPhone will sell for $899 EUR and $999 EUR. While the prices in US$ work out to ~$1200 and ~$1300, I think its probably more appropriate to say that the unlocked price, if Apple does sell it unlocked, will be cheaper. I would guess $699 and $799.