Yesterday saw the official release of the Nexus One from Google. This is the first time that any phone has been available for purchase unlocked and available for purchase at a discounted rate with a TMobile Contract.

With the smartphone wars continuing to heat up, the Nexus One is enters into a marketplace that is currently dominated by the iPhone 3GS and the gaining popularity of the Droid by Verizon Wireless.

BillShrink have put together a convenient overview of the overall total cost of ownership of the Nexus One vs. iPhone vs. Droid vs. Palm Pre:

It's crazy to think how much we spend on phones over the years. I might revert back to bean cans and string.