An interesting post by Leisureguy on the potential economic impact of iPhone 5 on the US economy. Ironically, I was working at my computer this morning at 3:30 AM when the Apple on-line store started accepting pre-orders. I placed mine at 3:35 AM for an unlocked 32 GB model in black slate.

I followed Mr. Italo’s advice and bought the phone outright and unlocked. I’m through with long-term contracts that seduce you with a low price for the phone and then rape you on the usage. Plus, I like the idea of switching out SIM cards when I get to a foreign country and being able to use my phone at a reasonable local price. And, it appears that the phone has a much higher re-sale value when you change the next time.