Yes, that's with everything. Gotta find the right buyer and the right situation. But there is still a very good chance that it will get you a GOOD chunk of what you would pay for the 5 off contract (assuming you've taken care of the 4S and it's still basically mint). Will it make the 5 free for you? No. But if someone wants to use their upgrade because they really want an iPhone now, it isn't a waste because these things do maintain such a good resale value. MUCH MUCH better than any other cell phone on the market.
Originally Posted by pariahsdemise
Like I said above, iPhone 4 16gb is still getting upwards of $300 on eBay. That phone is 20 months old. There isn't any cell phone out there that gets that much nearly two years from release. Are you trying to tell me that a year from the release of the 4S it will get less than $300? Not a chance. It will still be in demand and it will still be very sellable. Hell, the 3GS is still selling at a pretty decent tick.