AT&T is offering a $200 online discount for early iPhone upgrades, bringing the price of a 16GB iPhone 5 to $450. The offer, open to all customers regardless of current phone or contract end date, seems to be an effort to boost sales leading up to the iPhone 5S debut.
https://gizmodo.com/leaked-iphone-5s-prototype-is-packing-exactly-what-you-558153314
Updated: An AT&T spokesperson reached out to say that this is not, in fact, a new promotion.
[Gotta Be Mobile via Cnet]