I won't be selling my iPhone 4S (giving it to a good friend when I'm ready to part with it), and I would love to have the new iPhone 5 in black 64 GB model. But I will not pay $700 for it, which is what it would cost me with the high sales tax in CA. I won't qualify for the subsidized price until June 2013. I will just wait until the 5S or 6 comes out next September. I will still have the advantage of the OS 6, although it may not be as snappy on the 4S.