With almost two weeks under its belt and one WebOS update, the new kid on the block Palm Pre has established itself as a competent smartphone with its closest competitor updated from iPhone 3G to iPhone 3GS. But is the Palm Pre really worth the switch from your current phone? Is it really cost effective to switch?

Gadget lust aside, let’s let the people at Billshrink.com help make that decision:

At a glance, it looks like a Pre offers better overall savings on their wireless plans! For a closer look based on individual needs and for a detailed analysis of the feature, check out Billshrink.com.

Pricing Comparison

Palm Pre (Sprint)

• $199: cost of phone with $100 rebate
• $100/month: Sprint Unlimited data + voice
• $69.99/month: 450 voice minutes and unlimited data
• $89.99/month: 900 voice minutes
• $129.99/month: Family plan for 2 Pre phones ($19.99 for additional lines to family plan)
• $169.99: 3000 minutes shared plan
• $189.99: Unlimited family plan ($89.99 for additional lines to unlimited everything family plan)

iPhone (AT&T)

• $199+: cost of phone
• $150/month: AT&T unlimited data + voice
• $112.49/month: 450 voice minutes and unlimited data
• $109.99/month: 900 voice minutes
• $129.99 (for 700min and unlimited everything else) Family plan for 2 iPhones ($39.99 for additional lines to family plan)
• $209.99 3000 minutes shared plan
• $259.99 Unlimited Family plan ($129.99 for additional lines to unlimited everything family plan)

For a deeper level of analysis, people can even upload their current cell phone bills onto the site and BillShrink will analyze and recommend a more cost-effective plan based on their usage (texting, data and multimedia), who you call the most (in/out of network) and will even factor in location to recommend plans with the strongest signals in the area. Read more [ here ]