An Engadget article on the relationship between Apple and AT&T cites a legal action as confirming "the handset was originally locked to AT&T / Cingular for a full five years." In reading that it occurred to me that there might have been another factor written into the original contract, some number of iPhone activations, that would automatically shorten the period of exclusivity if it were to be reached before the full term expired, without any renegotiation of the contract.
Given that iPhones have out-sold everyone's expectations, such a clause could be expected to fire, but the exact timing would remain indefinite until just a few days remained.
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