Should I upgrade my iPhone 5 to the new iPhone 5c?

I currently have an iPhone 5, but apple is releasing a slightly cheaper, colorful, but not as nice iPhone. I don't have an upgrade and Verizon will buy my iPhone 5 and that will pay for about half of it.

I was on the phone with Apple yesterday. I asked the woman if they would he releasing a new iPhone and when. She said whatever I hear is a rumour, the only thing they have released/will release in the fall is IOS 7. Until then, just keep updated with apple.com for the latest.