iPhone announced for Europe
The price for the iPhone in the UK will be J269, which is about $540. Three type of tariffs will be available, for J35/45/55 ($70/90/110) a month.
Earlier rumors indicated that the EU version will be 3G capable which was smashed today by announcing the standard device, which AT&T offers. Other rumors indicated launch in Germany and France, but it seems that this will most probably be at least in 2008, as O2 will have some exclusive rights in Europe.
Last week the first software unlocking procedures for iPhone appeared and phone can now be used in any GSM network around the world. Keep in mind that this is not supported by Apple.
source: Apple UK