My 11" i7 model just shipped.
For anyone on the fence about i5 vs i7, I'd encourage the i7. 23% higher base clock speed (27% higher turbo boost), 33% more cache and 10% higher clock speed on the GPU is nothing to sneeze at. Plus the max TDP is 15W on both the i5 and i7, so difference in battery should be negligible, especially when you're doing something like video editing or gaming. You can't upgrade it afterwards, so might as well err on the side of more power.
For anyone on the fence about i5 vs i7, I'd encourage the i7. 23% higher base clock speed (27% higher turbo boost), 33% more cache and 10% higher clock speed on the GPU is nothing to sneeze at. Plus the max TDP is 15W on both the i5 and i7, so difference in battery should be negligible, especially when you're doing something like video editing or gaming. You can't upgrade it afterwards, so might as well err on the side of more power.