Google has lowered it’s “equipment recovery fee” that it charges should you cancel your contract with T-Mobile prior to keeping the phone for 120 days without returning the phone.  This brings the phones price inline with the cost for purchasing the phone contract free for $529; $179 purchase price (2 year contract) + $150 Google equipment recovery fee + $200 T-Mobile early termination fee = $529.  This is a good step forward in helping reduce the cost of the Nexus One.  But, it is still a fee that is unique to the Nexus One/T-Mobile setup.  Of course, you can always wait that 120 days and end your T-Mobile contract for $200, making the total price of the phone, $179 + $200 = $379.  That’s up to you.  Was this due to the FCC involvement?  Wall Street Journal kind of thinks it might be related.

Google Terms of Service

WSJ

Early Termination Fee, Equipment Recovery Fee, Google, Nexus One, T-Mobile