I preordered the 5, was there when they opened it at midnight (3 AM by me). Had a problem and had to wait until morning to complete my order. By then they pushed back my shipping date from whatever the release date was to "two to three weeks". So, you will be able to preorder it to guarantee a purchase, but it may be for a few weeks out depending on when you actually get around to ordering.
Okay thanks so much for the info. I expect I'll have to wait a few weeks unfortunately. Thing is, I am buying off contract and I have the Target Red Card which gives you 5% off and I have a Pharmacy Rewards coupon for 5% off and I've confirmed that I can combine them and use them toward the price of a preorder. So I feel like I gotta do that. But Target only is doing preorders in stores. So I will be be there when they open at 8am and hope for a quick and smooth process so I can be to work at 8:30!! So I'm trading off 10% for a few weeks probably. Other option is I could go to target on launch day to use those discounts but launch day is too stressful and you're guaranteed of nothing.