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What are the "pros and cons" of the iPhone 5? Is the iPhone 5 worth it?
Please note that the iPhone 5 has been discontinued. However, this Q&A has been updated subsequently and can be quite helpful for anyone buying or selling an iPhone 5 on the used market.
Only you can decide if one of the iPhone 5 models -- the iPhone 5 (GSM/LTE 4, 17/North America), (CDMA/LTE, Sprint/Verizon/KDDI), (GSM/LTE 1, 3, 5/International), (CDMA China/UIM/WAPI), and (GSM/LTE/AWS/North America) -- is the right smartphone and "worth it" for you, but you can evaluate the pros and cons to see if your needs are met.
This quick summary can help in your decision making process:
Ultimately, if you need a smartphone, the iPhone 5 certainly is a solid choice.