Yes the S5 is already on the market, and the prices on the S3 keep dropping everyday.

http://www.circuitcity.com/ssm/Point...ategorylist.do


And as another side note, I turned down a really, REALLY great buy on the Canon Rebel XTi to get this S3!! I didn't like the bulk and having to have a variety of lenses on hand to get the best shots with the DSLR. It reminded me of why I rarely use my SLR's anymore.