BillSkrink has put together a comparison of the latest smartphones to hit the market and as usual concentrated on the total cost of ownership. The iPhone 3GS, Palm Pre, Motorola Droid and Nexus One are all included and the results suggest that the Pre and Nexus One are the cheapest, but not by a huge margin.

Today is Nexus One launch day and we decided in typical BillShrink fashion, we would take a look at the overall total cost of ownership of the Nexus One vs. iPhone vs. Droid vs. Palm Pre. This is the first time that any phone has been available for purchase unlocked and available for purchase at a discounted rate with a TMobile Contract.

As the smartphone wars continue to heat up the Nexus One is entering a marketplace that is currently dominated by the iPhone 3GS with and gaining popularity of the Droid by Verizon Wireless.

So, here is what you’ve been waiting for, our total cost of ownerships comparison of the Nexus One up against the rest!