Thanks for the correction - for some reason I had it in my head that was straight $100 increments from 5C-16 to 5C-32 to 5S-16.
If it had been, I think it would have been better received:
5C-16: $0
5C-32: $99
5C-16: $199
It will be interesting to see how many people buy the 5C, given the small price differential. The only thing going for it is the color, but there may be enough people that buy on that basis -- then cover it all up with a case. :-)