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I did this for my iPod nano a couple of years ago, it has definitely been a regret.

I don't cell phones...sorry couldn't help it. ;-)

Honestly, I'll probably keep it along with all the other Android devices (and Apple devices) for debugging and backwards-compatibility and graceful degradation testing on multiple devices.

do people often sell phones?

I've unlocked and resold both of my prior-generation iPhones. Even though they were both used, they went for more than I paid for them.

People's brains stop working when they are given the opportunity to buy last-generation Apple hardware. That is not the case with anything else, though.

Often high priced unlocked phones are sold when there is a new flagship high end phone. This is uncommon in the states because of subsidized pricing and contractual lock-in, but if you buy an unlocked nexus one and go contract free you can sell your phone in a year to get the new unlocked nexus two.