The iPhone 5 is still the smartphone that people are talking about and although we’re some time away from a launch we thought we’d look ahead. As with any Apple iPhone release it’s bound to be a big success and many people will be left with an iPhone 5 headache as they try to decide whether to trade in their current smartphone or not. There’s still a lot in question about when the iPhone 5 will release but the two most likely timeframes are in June at Apple’s WWDC or more likely in fall, roughly a year after the release of the last iPhone. No specs and features are confirmed but you can read about the speculations in some of our previous posts. If most of these enhancements do appear on the iPhone 5 there will be many people tempted to upgrade. Most smartphone purchases involve a 12, 18 or 24-month contract and consumers may be faced with a large early upgrade bill for ending their contracts early. Once upon a time that typical two-year contract may have seemed a great deal to get their hands on the latest and greatest device, that same device doesn’t stay latest and greatest for very long. The temptation to end contracts early to upgrade gets greater all the time. For instance last year everyone was making a lot of fuss about dual-core smartphones and now only a year later the first swathe of quad-core phones are coming out.r current operating system or even carrier. Others may be those who already have an iPhone, even the latest iPhone 4S, but still find themselves being lured to the next best thing, the iPhone 5. But trading in is not as easy as it used to be, especially now that technology moves so fast. We feel this is likely to be a dilemma for many smartphone users drawn to the iPhone 5 so it may be well to start looking ahead and trying to decide now whether you will or will not upgrade. Maybe that will depend purely on what the iPhone 5 has to offer when all is revealed? In this case why not let us know what you feel the iPhone 5 would need to have before you’d consider paying for an early upgrade, by sending us your comments. Maybe you’ve already decided to purchase the iPhone 5 even before confirmed specs are available and despite any early upgrade bills? We will definitely be getting our hands on the iPhone 5 as soon as it comes out!