Rather than queuing on Friday, I simply wandered in to a Telstra store at Warringah Mall on Saturday at about 10am and got an iPhone 5 within minutes. Very smooth. This morning I checked my home Cable speed test and then on arrival in the Sydney CBD checked Telstra's LTE performance:
That's 24.39Mbps down and 23.36Mbps up. Really impressed apart from ping but even that isn't bad. More than enough people have reviewed the phone and I'm very happy with it so far too.
It's amazing what LTE can do if you're the only user, check this out from a Brisbane tester reporting on Whirlpool.
87Mbps! But faster than 99% of AU tells the true story.