The nation’s soon-to-be largest wireless carrier has inadvertently shed some light on one of the biggest questions on the minds of anxious Storm fans across the country. Thanks to the contest terms and conditions regarding Verizon’s BlackBerry Storm scavenger hunt taking place in New York, it looks like the Approximate Retail Value (ARV) is set at a relatively reasonable $499. To quote the terms exactly:

Prizes: Daily Grand Prizes (50): A BlackBerry “Storm” 9500 Smartphone and a $50 Verizon Wireless gift card Approximate Retail Value (“ARV”): $549 each

$499 of course represents the handset cost before any carrier subsidies or mail-in rebates are factored in. Once the Storm get its discounts on, it looks like we should be in store for a pretty competitive 2-year contract price. Sweet – now all we have to do is wait for VZW to, umm, actually release the phone. To check out the full terms for yourself, hit the read link and then click the NYC Storm Hunt link in the lower left corner.

[Via RIMarkable]