There's no doubt that there's a big downside to how much hype gets built up around iPhone releases
I woke up this morning (I live down under, so any news wasn't going to happen until the morning here) to be massively underwhelmed (at first anyways) by the lack of a 4" screen and a genuine iPhone 5!
But then as I was watching the keynote earlier, I realised that Apple is just taking it's time with these phones... they're not rushing out the absolute latest and greatest, but taking time to make sure everything is perfect. This Siri tech should be proof of how good their approach is - it's looks like a very cool and distinguishing feature for the iPhone 4S
No doubt the iPhone 5 next year will have a 4" screen, but dammit i'm still sporting a ****** 3GS, so i'm definitely upgrading to the 4S!
It'll be interesting to here how much RAM the 4S has and whether the A5 has been underclocked compared to the iPad.
Also, the 8 MP camera looks a treat! The strong interest Apple shows in getting the camera right in their phone is good to see. You can just tell that having a chip like the A5 on hand inside the 'camera' gives it a fair advantage over regular point and shoot cameras in processing ability (for all the nifty on-the-fly auto-adjusts). I'm no expert, but i'm guessing even DSLRs don't have chips like the A5 inside? (someone please correct me here if i'm wrong).
Overall i'm still disappointed no 4" screen, but still gunna put my pre-order in ASAP!