Sony Xperia S on $29/Month VirginMobile

Looking for a new mobile within 29$ per month budget.
Is Sony Xperia S from VirginMobile is best option for me?

They have 5 months 50% access fee off too (web special)
http://www.virginmobile.com.au/Shop/ProductDetails/12340/Xpe…

Also if required I can wait till Mid Jan 2013….wondering if we will see more better phone till then?

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