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Originally Posted by Poseidon79
I believe even when they do "in store" activation it will be done via iTunes just like it's done now.
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Yup, and if what the rumors I've been reading are right, they don't even need to physically remove the iPhone. They'll have a scanner that can read the back of the box (where your serial/IMEI and other information is), get your account information and you're done. You plug in to iTunes and it'll connect to AT&T or Apple or wherever it is it connects now for verification and you're done.
I really don't think the in-store activation will take as long as some thing. Especially on contract extensions since they already have your information.