Hi -
I am glad? that someone else has this issue. As you said, it is physical misalignment of front camera lens. I went to genius bar and the "genius" gave me a non-retail phone (from the small box). I refused to take it - owing to my past experiences (Apple iPhone 5 original one had home button issues and got a replacement and it had terrible battery issues).
Long story short - Geniuses and the managers were very rude - At some point in time, I was told to return the phone if I do not like it. I was about to and I was told that I had to pay penalty to At&T (and I asked why - because I am just returning phone not the contract - I am happy with my iPhone 5). The manager said, my options are limited - live with misaligned phone, or take the non-retail phone. I told him that this is unfair since this is not my mistake - its production issue. I would be happy if genius would align the camera and give the same phone back. Genius and manager said that cannot happen.
They said the non-retail ones are exactly same ones as the retail ones and I asked them why the model # was different and they told me that it something apple controls and I have to talk to Apple.
Finally, I gave up. The "genius" just took my phone (did not even give me time to erase the phone - gave me new one). He was connecting it to iTunes and I was like wait a second - this phone has so many scratches on surface - and he was like what ever dude - I have so many people waiting in line.
I was looking at new phone and he was asking me to sign some repair authorization and I told him that I would not until I am satisfied with the new phone. He went away and finally the manager came back to me. I told him the whole story and he was like - we took care of you and that's it. U may leave now. I told him that I have not signed. He told me that its not needed. (How come?). And seconds later I received an email saying I have authorized the repair - clearly - if apple opens the case, my signature would not be there. Again who cares? I am just one in millions that (potentially may) get screwed by apple.
Such a horrifying experience.
To Apple - Please give some training to your "retail geniuses" on how to deal with customers. This is my final Apple product.