Is the iPhone 5 a good 'first smartphone'?

So I'm looking to get my first smartphone. I'm not really a noob to smartphones but I've never actually owned one. I have an iPod touch 4gen and I use up all my 8 GB's. I like apps, I plan to have music on my phone, and I want everything in it. I take lots of pictures too. Would an iPhone 5 be a good investment? Or should I go with the 4S?

You can't go wrong with either. 5 is obviously better.

Iphone 5 is the way to go. I hate it when people invest in last year's technology. Spend the extra $100 even if you have to save a little longer and enjoy the iphone 5! If you are running out of space think about upgrading to a higher capacity model.

I guess a big part of it is what kind of phones your friends have. There's the iPhone ecosystem and the Android ecosystem, along with the new Windows Phone. In my opinion, they are oh pretty much the same ease of use. Then again, it depends on how tech savvy you are.