Yeah if you wanted to develop something and release it on the app store you have to pay the £59 either way so it'd be worth borrowing the device at the end to just check that it works I guess. I think it's a shame that you can't release free apps for free, they'd have alot more people developing crazy new ideas if it was…
@Visceral, Nice name! :P Anyway.. at the moment you can emulate your iOS game straight from Unreal on your pc. So it'll create a screen and your mouse clicks act like touchscreen inside it. So you have no need for the actual device, which is pretty handy if you just want to get an idea running before considering it…