I guess palmOne realized that everyone and their mother wants an unlocked Treo 650 GSM because they hiked the price from $599 to $699. PalmOne says that there was originally a pricing error. Give me a break!
Treonauts speculates “that Cingular and/or other carriers applied pressure to avoid having the unlocked Treo 650 GSM compete directly with their own offerings. Another possibility is that the price discrepancy between the unlocked Treo 650 in the US and the rest of the world was too high and palmOne may have felt that it was necessary to reduce this gap.”
palmOne says that they will honor the customers who bought the device at its original (and fair) price of $599, but future orders will be sold at the new price of $699.