Yeah, I can't believe they stumbled this quickly after Jobs left the CEO slot. Maybe that's an unfair statement, but you have to wonder why they thought they could deliver the 4s and not disappoint customers and shareholders.
Yep, Cook probably dreamed this phone up by himself in the last two months. This isn't what Jobs had planned at all.
It would have been wiser to delay the announcement until December (or whenever) and deliver a real hardware upgrade.
Do you have any idea how retail in America is driven around 4th quarter Christmas sales? You can't release a product in December.