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I was planning on camping out at the local Apple store starting the night before. The 12 hour wait would have been worth it but... I've come to the conclusion that I like sleep more than sitting on the mall floor all night so... I just stopped into my local Target and am their first pre-order. It will be there on release day. Just walk in, get it and leave. The girl that took my order said one of the other stores took 8 orders yesterday. I asked how many they will receive. She said they usually get a few more than the number of preorders so they might have them in stock that day.
Stores that I know of that are doing this are-
Target
Walmart
Best Buy
Radio Shack
Not sure about AT&T stores.
So I'll get to sleep all night, wake up at 10, drive 5 minutes and have someone hand me my phone. No waiting! Plus, I'll save 5% by using my Target Red Card!