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Google's Nexus One, a Steal At $49 Unlocked? 311

gjt writes "I initially posted a piece ragging on the Nexus One. But then a commenter pointed out a problem with my initial logic, and after doing some math I concluded that the $529 unlocked/unsubsidized Google Nexus One gPhone is much cheaper than it appears to be. In fact it's only $49 over two years — and that's unlocked! Google likes to say that the Nexus One represents 'Our new approach to buying a mobile phone.' But it actually seems as though T-Mobile deserves most of the credit by providing a $20/month discount to customers who purchase an unsubsidized phone, a fact that didn't seem to get much attention when T-Mobile created the plan last October."

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