I bought my last refurbished phone for $50. While it has many features, I still use just one of its features - placing calls.
I don't see myself ever buying a phone that entertains me - I simply just don't have the time. A business phone with an agenda and calendar, email - perhaps, but not now either. I don't need to listen to the music, browse web on a 2 inch screen, nor do I have the need to "look cool". Not to mention that $500 can buy you a lot of tennis balls.
Best,