This is a really shocking news, i just blogwalking to AT&T shop and i’m quite surprised that AT&T cut down the price of Apple iPhone 3G 8GB (Refurb)  to $49 with two-year contract, but i think you must be knew whats the consequence if you decided to buy refurbished stuff.

Refurbished Phones and Devices

Refurbished phones are previously owned devices that have been unused or lightly used and returned during the 30-day trial period. Each refurbished phone is independently quality tested and loaded with the latest software to meet current factory standards. Some refurbished iPhone 3G devices will have minor scratches.Refurbished iPhone 3G devices carry a warranty of 90 days or more. For details about the warranty on your refurbished iPhone 3G go to www.apple.com/support/oss/.