I won't be "camping out" but I will definitely be there on launch day. Since I couldn't get the Jet Black with the iPhone Upgrade Plan so I am hoping to get a 128gb 7 Jet Black by standing in line. If not I will get the regular black probably. The Apple store I go to isn't quite as busy as a lot of other bigger cities, it's inside of a mall that doesn't open until 8 or 9 usually anyways so people don't really camp there. Just have to get there early because I know those Jet Blacks will be gone QUICK!
In my previous launch day experiences, the entire genius bar and behind the genius bar is flooded with iPhone boxes.