Will this pay off?
I'm basically waiting for a Virgin plan that'll get me the phone (or a similarly specced one) and their lowest monthly calls/data for around $35/month (currently at $50/month).
With the Samsung S4 and the HTC One coming along soon and surely other brands and models to follow, is it likely there'll be a decent special in the coming 2-3 months? Or do you think they'll do what they're doing now with the S3 (3G) and Note II (3G) where the price is only ~$7/month different, and I'm just not going to get this kind of price in the near future?
Note that you get a virgin plan without a phone:
1: You get $10/month off
2: You don't have to pay any mobile surcharge ($35/month implies $29 plan with $6/month surcharge)
3: You are not locked in and can change at any time
Given that you are talking about paying 16 * 24 = $384 even if you never change to a better plan, Typically the cost of the phone will fall below this before you can get the plan you describe.