Well, Im Verizon and I bought a 4s in Dec 2011. My account says Im eligible Dec 2012. I plan on upgrading to the 5 then.
It says nothing about, "You are eligible Dec 2012, but not for iPhone"
But even with the $175 ETF, and $199 for phone, its better than $800.
Plus Id happily do it to get my wife off the basic phones. She hates it. She loves my 4s, so why not. I plan to ditch the Unlimited to go shared anyway
Ill save $10/month and stop getting throttled
Just a few things.
If you have an ETF, it would be over $175.
From: http://www.verizonwireless.com/b2c/support/customer-agreement
If your contract term results from your purchase of an Advanced Device after November 14, 2009, your Early Termination Fee will be $350 minus $10 for each full month of your contract term that you complete.
Also, your calculation of $800 for the phone only makes sense for the 32GB model, unless you have some higher taxes or import fees wherever you live. The price for the current 16GB model in Los Angeles California, $649.99+Tax=$703.61