Sadly, it won't activate on iTunes.
An iPhone 4 prototype is already stuff of legend when one was acquired by Gizmodo and then taken apart for the world to see well before Apple's press event.
Recently another one appeared on eBay, which quickly gathered enough attention for the bidding to quickly hit the six-figure range.
The bidding eventually settled to somewhere around $2000 (with fake bids canceled) before the auction was ended early. It's unclear if eBay or the seller pulled the listing but we can guess with fair certainty the Apple did not appreciate that it's prototype hardware – even if it's for an already-released product – is on the street for sale.
Read more at Engadget.