Unlocked iPhone 5's now available.

If you want to save a $100... * buy the 16GB from Verizon $199 (since it is unlocked because of FCC rules as I recall reading) * cancel your contract $350

You come out $100 cheaper than buying direct from Apple. Now this is really only useful if you've got an account with Verizon already. Otherwise you end up paying activation fees, first month, etc. In that case, you'll end up paying the about same.

Just note: I have no done this. My current iPhone 4 contract is up in a few days. Trying to decide if I want to do this :)

With those prices I'm not optimistic about the uptake, but good on Apple for making the unlocked variety available.