Fill me in too. I have share evrythg plan so it'll add $40 to my bill. So if I switch it out to a dumb phone, it'll go to $10 a month?
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No, with the share everything plan, new lines are 30$ for feature phones and 40$ for smart phones. You can however add a new line for 40$/mo and do a hardware swap onto the other line, then cancel the new line... that being said it wont just be 350$, you'll have the 30$ activation fee as well as the termination fee. but all in all its still not bad.
I was lucky enough to stroll into best buy this morning and get an HTC one blue for 2$ and some change, turns out i registered my line for a 50$ gift card with upgrade / activation sometime last year and it carried over this year hehe so I only had to pay taxes on this phone. love it. its an awesome phone for those not sure, I was debating between the one and the X but with the one being 50$ it was almost a no brainer as the features of the X i feel would grow old on me after a while and I really like the infrared capabilities of the one with my Chromecast, i'll eventually get rid of all my remote controls and just use my phone for everything.
TLDR; Great phone, great price, do it up.