You have a limited understanding of Apple history and Steve Jobs. As an example, Apple was late to CD-R even though early to CD's, and I've yet to be able to buy Apple hardware for BD, which surprisingly, doesn't seem to have much utility any more for the consumer. Early to USB, but late to USB 3.0, so that Apple could use Intel's Ivy Bridge architecture and avoid a separate chipset. Early to TB but dropping Ethernet for an optional dongle. Maybe this will be the year that the Mac Pro comes back with a total redefinition of a workstation vengeance with a 4k surprise.
After the fact, it always seems that Apple was skating to where the puck is going to be. Probably as true with software, and plenty of examples of long stretches between major upgrades; I'm looking at you iTunes, iWork and you FCX.
Apple doesn't spend a lot of resources adding minor feature updates. That was as true under Jobs as it is true under Cook.
I've been using Mac's since the 128, so forgive me if I note your impatience relative to mine. Experience has taught me that Apple will give us what we need, more so that what we want, and it will be on Apple's schedule, assuming that it isn't killed off entirely. So far, the bulk of Apple's current customer base seem to be okay with that, grumbling aside. If anything, I find Tim Cook to be more revealing in the future than Steve ever was.
As for how the competition works, let's just say that the numbers back up Apple's thrifty spending, whether acquisition or R&D, over some of the competition's recent acquisitions.
I actually agree with a lot of what you said. We aren't completely on a different page. And I've been an Apple fan about as long as you. One thing that perhaps I should clarify---I am perfectly fine with being patient. I agree with you that Apple will give us what we need. The part that I DISAGREE with ... it's that with all of the cash Apple has on hand --- they seem extremely disconnected to the fact that the entire industry is trying to eat them alive and they are fighting with one hand (cash) behind their back. I'm watching all these developers and acquisitions going on at other companies at a time when Apple is in the right place to crush everyone by securing the IP and the developers. Instead, Apple is simply reacting with lawsuits on older IP. This is totally bizarre to me. It wouldn't even take 10% of Apple's cash reserves to totally change the industry climate. I want Apple to have the "thermonuclear" attitude of Jobs. Not so much with lawsuits ... but at least with regard to developing new things. It should NOT take 3 years + for an iTV. And Apple wonders why its stock price is falling. Their stock price would not be falling if they had bought up all the patents they could get their hands on and hired all of the best developers in Silicon Valley.