Isn't AT&T Corporate selling those units only for, well, Corporate customers, usually in large quantities (but not necessarily - you can mix 'n match devices AFAIK)? Plus, it's with plans added to them? Because that'd explain the price.
I meant Corporate owned stores. My bad. At any rate you don't have to go into a plan or anything. Your nearby stores will either have the promo for $199.99 which it has been for a week or two, none since they don't have Vitas in stock or $99.99 which is a steal. Both promos come with two free games.
Edit: DAMN IT none of my local stores are open at this hour.
That seems real fishy... especially concerning AT&T. I would expect they would try to sign you up for some kind of long-term contract to get the vita at that price.
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