I'm going to keep an eye on this and probably stop in to VZW to discuss my options. I have 4 months left on my contract. I'm not going to lock into the 1 year extension if it means I can't upgrade at contract price for another year. With 2 smartphones and a dumb phone on my account, I can save a decent chunk of change, especially if I give my son my phone.
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Contract dates and upgrade dates don't have to coincide. My contracts up way after my NE2 is.