Wait a week for the iP5 to be announced and this price should drop. I'm actually going to get an iP5 on contract and sell it to buy one of these and pocket the extra cash.
Where did you get the news that iPhone 5 is going to be announced in a week? From what I read on the net (google 'why apple released 4s') they probably won't release it until next June to coincide with the contract expiration of the original iPhone 4 users.
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