New iPhone 5 will not connect to WiFi

I finally upgraded to a iPhone 5 from my old 3G and I cannot get it to connect ot my home WiFi.  It can see the WiFi and I have WEP encription on the network using a Netgear WGT624v3 wireless router and 128bit encryption and when I enter the password, the iPhone gives me an "incorrect Password" warning.  I have tried several times to enter it and even texted it to the phone and copied and pasted it to avoid any typos to no avail.  I have powered down the router, removed the encryption, tried another encryption key, rebooted the iPhone but cannot get it to connect.

This is a router with a 802.11 g and b protocol working on channel 11 and I have not had issue with our iPad 2, my wife's iPhone 3GS, my old iPhone 3G or our Macbook Pro.  I also tried to enter the network manually and it just does not want to accept the password whether it needs one or not.  What am I not doing correctly?  I say that there were some issues when people upgraded from an earlier operating system to the current one but this is a new phone as of yesterday??