Here's the deal. My employer just announced that it will no longer be paying for our cell phones or plans, effective at some yet-to-be determined point in the near future. We will be given the option to purchase our current phones from them and to port our numbers to our own account. I have a 32gig iPhone 4 that is two years old. It works fine. They want to charge me $150 to keep the phone. I also have an old iPhone 3 that still works that is mine. Do I: 1) Spend a bit more and get the iPhone 4s (probably the 16gig model for $200), and then forgo the possibility of getting a subsidized iPhone 5 whenever they are released? 2) Pay the $150 and keep my current phone, thereby allowing me to get the iPhone 5 for the subsidized price when it comes out? 3) Pay nothing and revert to my iPhone 3 for the time being and hope that the iPhone 5 is released sooner rather than later? Will I even be eligible for a subsidized iPhone if I'm already into my contract but haven't bought an iPhone through my cell carrier yet? I assume that it would just restart the clock on my plan. If so, then I'm leaning towards option 3. What would you do?