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I'm not saying that Apple won't consider making a CDMA version of the iPhone, but as long as AT&T keeps bumping out their exclusivity agreement then they're contractually obligated NOT to. In fact, if AT&T is successful in pushing their exclusivity to 2011, even people signing up for Verizon contracts this afternoon won't be locked in by the time that exclusivity expires.
And don't forget that Apple has proven to be amazingly stubborn--some might say Sony-like--about hardware configurations in the past. If they don't want to use CDMA chipsets, they won't. They did it before with 3G chips and continue to do it with mini DisplayPort and Firewire on their computer products.
I find all of those to be a far more compelling arguments than arguing for a user base that is pretty insignificant in the global scheme of things!