Buying second iPhone for same AT&T account?

I have question that I haven't seen answered anywhere; I currently own an 8GB iPhone that I use as my primary phone. But I'm thinking of getting a second one, using the current unit as a "beater" device for testing and hacking. Is it possible to own two iPones, swapping SIMs as needed, or am I locked in to just ONE iPhone?

You could do this. I know cause my phone has had to be repaired and replaced a couple times, and you just swap the sim card in and out. You do have to connect to iTunes, when you plug the sim card into the phone, but just for a a second or two, and it activates.

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