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I agree with Fatal that the price point is too high. I think as well that making it available exclusively from Cingular is a mistake, pretty much locking out the other 65% or whatever customers that aren't Cingular customers and ensuring no real competition.
The thing with Cisco is just unreal. iPhone is a cool name, but Cisco got there first and Apple will ultimately pay a price. They can't just ignore copyright laws cause the technology is so cool.
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