I have mine .. a three hour wait in line (the reserved line), but Apple waits are reasonably fun with many interesting conversations in the line. Someone came out of the Verizon store about 8am and was walking the line with a clipboard asking people what carrier they would use if they had a choice of AT&T and Verizon.
My old iPhone was three years old and showing its age, but it was still holding a charge reasonably well ... now I have an iPhone and one that was demoted to a Touch, albeit a heavy Touch.
To get an operational phone I synched to my laptop, typed in a password, selected two buttons, and about five minutes later everything had been automatically transferred. When the phone was up and running I had to enter our wifi password, but that was the extent of the pain of switching.
nice phone