First iTunes phone ready to go?

You'd think by now we'd know better than to get all wrapped up in what could be yet another round of pointless speculation, but an analyst with RBC Markets claims that Motorola is close to shipping the very first iTunes phone (which we can only presume will rock iTunes Mobile 1.0) and that Apple is working out the "final details with Cingular for revenue sharing." This last part is probably the big sticking point; the wireless carriers don't exactly love the idea of an iTunes phone that syncs up with a computer becase they have this crazy idea that they're going to make tons of money selling wireless music downloads.