Is there any difference in buying the phone online vs. buying in-store?

I've never been interested in buying a phone at launch before, but the iphone5 has come along at the perfect time for me so I'm all in.    My question is about how the best way to get the phone will be.    If I buy it online, will the phone arrive ready to go, or will I have to take it in-store to set it up?
If I go to preorder at the verizon store Friday morning, will I find chaos and lines (ala a Video game console launch)?    Since I'm going with the verizon plan, am I locked into buying the phone through them if I want my upgrade bonus, or can I still buy through Apple online or Bestbuy?
Are shortages normally a problem for an iphone launch?
Thanks for any help and or advice.... I'm a noob when it comes to this, and I just don't want to have to camp out to get a phone within a couple of weeks of launch.

Another difference is that you can get the free services from the store to transfer the contacts data from your old phone to the new phone.
And that was the reason I bought my iPhone 5 from Best Buy instead of buying from online.  However, it appeared that some of their staff do not have the appropriate knowledge on the fact that the transfer must be done before the old phone are locked.
I got my iPhone 5 from Best Buy and asked them to transfer the contacts data from my old phone to the new phone.  They said that their machine was not working and asked me to come back later to transfer the data.  On the next day I visited their store again, they were not able to transfer the data as my old phone card was locked and any data inside the old phone memory can never be recovered .  I should have walked away when they said their data transfer machine was not working .  Now I have to rebuild the contacts and many precious contacts are long gone .

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