T-Mobile now offers pre-orders fro the Apple iPhone 5 16GB for just $99.99 with a 2 year phone payment plan ($20/mo), plus free shipping.  You can also opt to pay the full $579.99 at once.

What this does & Why you need it:
This is the lowest up front cost we have seen for the iPhone 5, now available on T-Mobile's new contract free pricing.  Note that a 32GB model ($199 + $20/mo) and 64GB model ($299 + $20/mo) will also be available as well

Apple's latest iPhone features a new A6 processor (supposedly twice as fast and twice the graphics of the iPhone 4S), 4" 1136x640 Retina display, powerful 8MP camera (with panorama and 1080p), Apple Maps, improved Siri Voice Recognition, LTE connectivity, 8 hours of 3G/4G talk time, ultrathin 7.6mm design, CDMA/GSM compatibility, iOS 6, smaller Lightning dock connector, and more.