Ok, here's the story. I just got off the phone with my local Apple store here in New York and asked them if my reserved iPhone 4 would still be there when I get out of work at 4 to pick it up. He told me to call back on Wednesday to make sure that they are not releasing reservations, but he thinks it will be held for me. He said that they're not sure if they are going to be releasing reserved phones to customers. In my opinion, them releasing reserved phones to the public is pretty crappy and doubt it will happen, but you never know. Call your local Apple store and see know what they say. We're probably going to get different stories.