“Everything we’ve been told with regard to the iPhone’s pricing structure has suggested that the 4GB would hit at $499 and the 8GB at $599, and that this would be an on-contract price — expensive, yes, but likely still in the right range to keep sales brisk. New advertising allegedly leaked out of a consumer survey suggests that the 2-year contract price could come in a full two hundie lower, though: $299 for 4GB, $399 for 8GB,” Chris Ziegler reports for Engadget.

Ziegler reports, ” Of course, this is all coming out of a survey — perhaps gauging reaction to pricing — so we need to wait for some more clarification from the powers that be before declaring our wallets a little less burdened come June.”

Full article, with the “allegedly leaked” advertisement here.

[Thanks to MacDailyNews Reader "Adam W." for the heads up.]
Please note that this a a rumor. AT&T’s online Apple iPhone features list currently states, “Choose from 4GB ($499) or 8GB ($599) memory mode.”

Related articles:
Analyst: AT&T to aggressively woo new subscribers with Apple iPhone service fee discounts – January 30, 2007
AT&T: iPhone will NOT come with 18-months of free service – January 26, 2007
Jim Cramer: AT&T to promote Apple iPhone with 18 months of free service – January 25, 2007