Well here is the sad truth if you are eligible for a phone upgrade. Verizon will not allow you to upgrade to an iPhone 5 at a discounted price. If you purchase and iPhone 5 for the $199 price you will be forced into purchasing one of their new "share" plans and will have to give up your current unlimited data plan. If you want to keep your unlimited data plan and get and iPhone 5 you will have to shell out $649 for the phone. Also they will also slap you with a $30 upgrade fee if you choose to go down the $199 path.