Jorsher-damus doesn't think it'll sell out, but nobody here could tell you. Nobody knows the number of phones that will be released on day one, or what size crowd is interested in getting one.
Here's how I see it:
The phone has not had much offline press. The type of people that are interested in this phone are typically going to preorder it. I wouldn't suggest camping out because I don't think it'll be necessary, but it is really determined on how bad you want it. I would just try to be there when the store opens, maybe get there a little early. If possible, you can talk to them the day before and ask how many phones they have received, and how many people have asked about it. I don't watch TV so don't know if T-Mobile is advertising yet, but if they are you would probably want to get there early.
I don't know if camping will be necessary though. It was only necessary for the iphone because of all the media coverage and hype it received. Ultimately, it's your decision, but good luck!

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