$500? *And* a contract? Is Verizon Nuts?

Ah, the joys of living in a quasi-monopoly for telecom services.
Per BGR, the new Galaxy Tab 7.7 is going to be offered by Verizon for $500.  
After you plunk down $30/month on a 2 yr contract.
Yup, you read that right, thats after you shuck out $720 over two years - thats effectively $1220 for the Tab!
On the other hand, you could just buy an imported one for ~$500 on ebay.

Hmmm.  $500 vs $1220.

Way to go Verizon!

Update: Looks like I'm not the only one laffing, as Jeff points out that you could buy 6 (!) Kindle Fires for the same amount.