Just saw this on Motorola Australia's Facebook page. Motorola RAZR is now free on $49 cap (min. $1078) for 24 months with 2 months free.
So if we break it down, ~$600 for the RAZR and ~$480 for Optus service over 2 years (~$20p/m).
Good if you're looking to recontract/sign up with Optus.
EDIT: Should mention in the post as well that this is a 1 week only special offer.
Optus the the title?