Update: It will cost $6000 every two years, with three lines of service, and with unlimited data. My problem with it running off a slower network still stands. Thanks, Matt, for making me look at this again. Ah, the beauty of brotherly accountability.

This just in…do the math and you will be amazed how much this thing will cost you. I am a Mac man, but this is crazy. I like the new technology Apple is rolling out, but this kind of technology wedded to a network that cannot support the demands will be a loss for those who purchase this phone. Just so you know, the iPhone will be running off AT&T’s Edge network (not the faster broadband speeds of G3). That translates into slower download times, which translates into more frustration as you wait for your cool web page to load up.

Check out Mercola’s breakdown of the annual cost for a Family Plan with iPhone.