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[Q] Advice on best AT&T phone upgrade path

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Default [Q] Advice on best AT&T phone upgrade path

I currently have an AT&T family plan with 4 cell phones, using the Mobile Share Value Plan 10GB. I am "eligible for an upgrade" on one of the phones but am wondering if instead of taking up their upgrade offer, which seems to be basically a payment plan of $15-$25 month for 18 months for a new phone, if there would be a way to just cancel this one line and open a new account for just one line and take advantage of the current deals out there from AT&T at retailers where you can basically get an iphone 5 w/ a new 2 year contract for around $70.

The cancelled line would be my wife's and basically she doesn't care if she can't keep her cell # and has to get a new one.

Any suggestions or advice?
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There are 3 threads devoted to discussions about devices, please repost your question in one of these three threads: The what should I buy thread or the The Device Suggestion Thread or the The Device Comparison Thread.
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