MetroPCS launches the Galaxy S III on October 22, price is $499

Users who'd like to experience the "nature-inspired" handset without having to sign a lengthy contract will be able to purchase it starting October 22, for the bearable price of $499. After that, they can take advantage of Metro's $30 to $70 no-contract service plans.
How do you feel about purchasing no-contract phones? Is it worth the investment for you?
source: MetroPCS via MobileBurn