For what it's worth the iPhone is worth 17 - 19K at the most. I understand that it's an "Apple", but the features it offers do not warrant the current price. And especially the restricted usage is a turnoff. As more and more people realise this, the market for the iPhone is going to become dead. And that's when the companies will be forced to reduce the price substantially; it's already begun happening, just weeks after the launch. I think the price will come down to 18-20K in a year and a half.
And I bet Nokia is going to launch the N96 at a tempting price. Once that happens, no one except some disillusioned Apple fanatic will buy the iPhone..