Previous iOS releases have always coincided with new hardware and therefore have also, usually, limited what software features make it onto older hardware. For instance, the 3GS cannot do location based reminders, 4 can't do dictation, etc. What do you think the 5 will have in software that the 4S will get left out of. So far I can't seem to find anything. I thought for sure it would be panorama but according to Apple.com it will also be on the 4S.