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I see people saying that a 10% battery loss every hour or so in standby is "what you should get." No, that is false, and saying that is just trying to avoid the issue at hand.
I'm running an iPhone 4 (CDMA) and have not had any battery issues with any build of iOS 5 (including the beta version). Losing 10% in STANDBY is inexcusable, unless you're in a low/no coverage area.
This is clearly an issue, and not one that can be waved away by some forum members because they're not experiencing it. It is either an issue with iOS 5, caused by bugs in location services, the A5 chip, or the battery (remember, the battery capacity on the iPhone 4S only increased by 10mAh, an insignificant power boost).