The Blackberry’s soon to be opened iTunes-like App World, is an exciting thing for gadget junkies but what’s the real lowdown on App World? We checked it out, based on the info that RIM has provided.

Pro: Blackberry App World will include Paypal as a way for paying for apps.
Con: Paypal is the ONLY form of payment accepted for App World. Not everyone wants to go that way and the inconvenience of setting up an account, etc. may turn off potential App World customers. Let us purchase by credit card, at least.

Pro: Blackberry App World will be available in Canada, the United States and the United Kingdom.
Con: Blackberry App World will be available in Canada, the United States and the United Kingdom. What about the rest of the world? I know it’s supposed to be a small world, but that small?

Pro: Blackberry App World will offer free apps.
Con: The price range for apps starts at free and leaps to $2.99. Nothing in between. Then the prices increase in tiers, incrementing by $1 from $2.99 to $19.99; by $10 from $19.99 to $99.99; by $50 from $99.99 to $599.99; and by $100 from $599.99 to $999.99. There goes the chance at some sweet 99-cent apps for Blackberry. Supposedly, this is to encourage development of more sophisticated apps but it also cuts out a chunk of the market for dabblers in app development who won’t want to price their apps at $2.99. iTunes’ App Store has some fantastic 99-cent software (and admittedly plenty of stinkers too) so I’m not sure this is the way to go. I have a feeling RIM will back down on this in due course. Then again, it’s possible it is directly related to their connection with Paypal. Someone has to pay for the use of Paypal. No worries if it’s free, but how much can Paypal get off a 99cent app?

Con: If you want to use Blackberry App World, your device has to be running OS Version 4.2.0 or higher. The good news is that if you have a newer device, you can upgrade. The bad news is that not all Blackberry’s can. Older devices are left out in the cold.

Con: Developers have to pay $200 in order to submit their first 10 applications. That and the $2.99 start point for apps could inhibit app developers. (Apple requires $99 to sign up for the standard iPhone Developer Program).

So far, looks like the cons have it, at least on this list. But we won’t know until the magic happens and the apps start to fly. Or not. We’ll see. What are your thoughts on Blackberry App World? Comment below and vote on our poll over on the right.