$99 iPhone at WalMart?

Many rumors have been circulating around the Net that the iPhone will be sold at WalMart.  We know that this is going to happen, but what we didn't expect is that the iPhone might get a "WalMartification."  Various sites claim that the iPhone will drop down to 4GB for WalMart, and have a price point of $99.  A few WalMart iPhone activation guides have been seen like the one pictured above, so is it possible?  Yes.  Likely?  No.