Competing with Verizon’s release of the iPhone, T-Mobile is giving away free phones with a two year contract as a Valentine’s Day promotion. You are probably wondering what’s the catch…but they are actually giving away some pricy phones. For example, they are giving away the HTC HD7 which normally costs $499 and the Garmin-Asus Garminfone’s which is normally priced at $449. It will be interesting to see how this promotion does against the iPhone release with Verizon– Mashable asks “What do you fancy more: a Verizon iPhone or a free HTC HD7? Or are you perhaps inclined to wait for the iPhone 5?” Good question…

Via Mashable