According to rumors that have been circulating over the past few weeks, Wal-Mart is set to become the second-largest U.S. retailer (after Best Buy) to offer Apple's popular iPhone. Neither Apple nor Wal-Mart has officially confirmed the deal yet, but employees from the latter have been telling the media that the deal will, in fact, go through.

While the sale of the iPhone through the mega-retailer is certainly a big deal, the most interesting aspect of the rumor is the rebirth of the 4GB iPhone, which was discontinued by Apple last year. According to speculation, the new low-capacity model will become the cheapest iPhone ever, at $99 (with a two-year AT&T contract, naturally).

If the deal does go through before the holidays, it's sure to prove a huge money maker for Apple, AT&T, and Wal-Mart. It got us wondering, however, what other handsets one can pick up through Wal-Mart for that price. We did some rooting around to find out what else consumers can get for $99 (via walmart.com). In some cases, a new two-year plan may be required, or the price may require a rebate. Check out what we found, after the jump.

Nextel i580 by Motorola: This ultra-rugged Nextel picked up a PCMag Editors' Choice, thanks to great sound quality, a good music player, and a "nearly indestructible" body. Of course, unlike the iPhone, the i580 isn't a smartphone.

Blackberry Bold: It may not have the same buzz as the iPhone--or the Storm, for that matter--but the Bold, like most RIM products, is a terrific smartphone. The handset features an improved color display, Wi-Fi access, and a 2.0-megapixel camera. The Bold didn't snag the Editors' Choice for AT&T smartphones, however--that title, of course, belongs to the Apple iPhone 3G. The Bold's unimpressive Web browsing capabilities--a space in which the iPhone excels--knocked the handset into second place.

LG Dare: Upon its release, this LG handset was touted as Verizon's answer to the iPhone. Yet another PCMag Editors' Choice, this handset features a big brilliant touchscreen, an intuitive interface, and a great media player. It's also got a fantastic battery life--something the 3G iPhone can't claim.