Wow, good thing I called.........
I called ATT and there is a backorder, she couldn't tell me how long but in my email that I received after placing the order they say "We estimate 2-5 buisness days" for my order to ship, not sure if this holds any water in relation to the backorder. She told me that I could go to an ATT store and show them that I'm a premier customer and have them offer me the same phone at a discounted price. So I went in and had the woman cancel the order and upgrade and after 4 transfers she was successful. She then told me that it would take up to 72 hours for the credit to go through so that I could buy the brand new 8 gig iPhone at the discounted price. I have ALREADY received the order cancelation email, why must it take more time for the upgrade to go through? Anyway, hopefully on Thursday I will be able to go and pick up my shiny new iPhone instead of a refurbished one.