Contrary to what was reported earlier, as it turns out, a raving lunatic equipped with a soundboard and camera equipment that randomly moves around his studio for no reason is not a reliable source when it comes to viable rumors about the iPhone. It wasn’t Jim’s fault really. This series of tubes gets all kinds of things wrong, especially rumors about the sexiest and most anticipated consumer item ever.

Cingular spokesman Mark Siegel, who said that the company has not announced any details on service plans for iPhone users yet, and won’t do so until shortly before launch.

Source: Barron’s Online via The Consumerist