Someone over on CNet's gadget blog has now learned the specific date on which the iPhone will be released: June 11. The information comes from a Cingular customer service representative, who reportedly mentioned the date in a call with the CNet blogger late on Thursday. The date seems plausible, because Apple's 2007 Worldwide Developers Conference (WWDC) is scheduled to take place from June 11 until June 15. As Apple already announced, the iPhone will be available from both Cingular and Apple stores at launch. Assuming a two-year Cingular contract, the 4GB iPhone will cost $499, and the 8GB version of the device will cost $599.

Needless to say it costs way too much.. it should cost that much without a plan which is just like all other phones. So, personally I'm waiting for the iRack :-) [sarcasm]