It fits the iPhone 5 Otterbox case no problems contrary to retarded reviewers. As far as I know, it is currently the sole smaller model, so maybe in Sept or so when they release the newer models in various sizes, maybe then it'll get a price reduction if there's a newer smaller model.
Don't count on being able to find it if the SE sized model does get replaced. When I bought my SE, the 5 or 5S wasn't seen in store. Who knows, maybe I just had to ask for it.
Also, if you buy an unlocked SE, you can get a much cheaper bill with Consumer Cellular (uses AT&T and T-Mobile networks), especially if you don't use much voice or data. See for yourself how cheap and how quick and easy it is to keep your old phone number regardless of salesman bullshit.