mrs. G bought me an i/phone 4S for a special event in my life recently

, but as I already own an i/phone 4 ... can I simply take the chip out of the old one and put it in the new one and go happily on my way?
that of course leaves a dead -4 ... as we are both on Swisscom contracts can we go down there and upgrade her Nokia and get an Iphone sim?
( yes yes I know..easy route = just go to Swisscom and ask )