Price drop for CMDA iPhone – Cricket

Link. “Potential customers will be able to buy an 8GB iPhone 4 for $400, or a 16GB iPhone 4S for $500”. I think until now a no-contract iPhone 4S 16GB was $700. So is this a large price drop? Buy from Cricket but don’t use their service? It all depends on the fine print and the true carrier-lock status. In general, however, CDMA-only iPhones are not terribly interesting.