I've gotta agree with Squires. I'm looking heavily at purchasing my phones outright from now on as much as possible as well. Sell the old ones to defray some of the cost. In many cases, you'll be surprised how close to the contract price of a new phone you can get when you sell your old to defray the full cost of new. This won't always work, but it's better than getting hung up in contract periods.
Exactly. If you upgrade every year, your phone will still be pretty current and there are tons of people that will pay top dollar to get a phone out of contract. They can pay $300 for yours, or get a slightly newer one for $500+.
If they buy yours, they don't have to have a contract and they save some money, and that cash basically makes your full retail price go down to what the contract price would be.
Hope you and the wife can make it to the party on Sunday! Allison loaned me her GoPro, so we should have some good videos from the race track. I can mount it to my gas tank and it should work great.