The Treo 680 costs HOW MUCH?!

The folks over at Palm must be drinking too much of their own Kool-aid. The Treo 680 was designed as a budget, entry level smart phone for the masses, and frankly that is exactly what the company needed. When Palm announced the Treo 680, it was rumored to have a sub $100 price point because it was based upon the Treo 650 technology.
Then I saw a PowerPoint presentation generated by Cingular [via] that has the LIST PRICE of the Treo 680 as $424.99 with out a contract, and $274.99 with a TWO YEAR agreement. That is INSANE. Is the price a value? Debate that in the comments, but I think we all can agree that this is NOT a smart phone for the masses.
