Wow, that totally sucks! Problem is, they probably don't have any extras in stock to replace it. Would probably have to wait til July 14th to get the replacement, no?
Not necessarily. I exchanged iPad 3G 16GB a couple days after the launch. Even though they didn't have one for regular sale, they got some in the back for replacement. I assume similar thing will happen for iPhone. I'd still probably wait as long as I can though. Why not let all the dust settled down and wait till all initial problems are addressed.