Have iPhones in UK, maybe moving to USA. What's best option?

I started 2 new iPhone 3G contracts in January for my wife and I. One at £45 p/m, the other at £35 p/m.
It's possible we'll be moving to the USA later this year. Don't know exactly when yet, but it could be October. By that point we'll be 8 or 9 months into the contracts.
I'd like us both to have iPhones in the USA.
Any suggestions as to the best way to do this?
Take them over to USA and start new AT&T contract? (will the phones work?)
Sell the handsets?
Can I cancel our contracts and pay a cancellation fee?
All suggestions welcome.

I'm guesing your with O2 being in the UK it's still worth checking with your carrier to see if they can unlock the iPhones (with an ETC and unlock fee of course) if you can do that you should be able to take the iPhones with you and then get a contract in the US
Especially since the laws in the UK are very similar to the ones here in Aus and we can do it here.
Message was edited by: r.cloud

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