My launch day plan was to wait in line at the Apple store and ditch if RS happened to actually come through with my PO as planned. So i called RS Thursday night and the clerk confirmed my phone was there and setup an appointment for me to come in and pickup at 9:00 am Friday morning. I was there when the doors opened and the manager was a little shocked to see me since her first iphone appointment wasn't until 10:30. She checked the stock in the back and said my phone hadn't come in. There were 2 32 gb phones that belonged to the preorders in line before me, but mine hadn't arrived.
She wasn't at all apologetic and gave me this attitude like she suspected I was making up the whole story in an attempt to snag an early phone. Upon leaving i called Sam's Club and Walmart, both of whom claimed not have received even one phone. I was headed home when a friend working near the Apple store called to let me know there were less than 10 people in line. I made the 20 minute drive to check it out and there were 3 people in line by the time i got there at 9:30. I was afraid they were sold out and had turned everyone after those 3 folks away. However, they had plenty of stock and were apparently getting more in as we waited. I spent less than 30 minutes in line and was home with my new phone in no time.
For those of you similarly stuck with a $50 RS gift card, i can confirm that you can buy an amazon kindle gift card. I just bought one at the Radio Shack where did my preorder. No taxes or anything - it's an even trade and as far as I can tell RS won't make a dime off the transaction.