But the point is that this connector offers LESS utility...
And, further, I can't see how this flat connector ate up space as people seem to want to claim. We've seen all the internals, how does the small connector save room for anything? My little nano that's like an 1.5 inches manages the old connector and a 3.5mm jack, no problem...and I believe it's quite a bit skinnier than the i5.
This seems to be a cheaper connector. I would guess Apple is saving money going to this design, but it's sure expensive to all of us who have all the peripherals with the old dock.
The price of the adapter I don't much care about, even if they gave them away we'd be losing functionality....for instance, I have a Sony dock that lets me play video (not HD, but still) and that's just missing from the new phone. And who knows if the adapter will sit correctly?
I plunked down 100 bucks on an AV dock a few years back and now Apple is just changing to make money? I wish someone could give a plausible benefit for this new connector, but so far USB 3.0 is the only thing I've seen...and that wouldn't be powered USB 3.0, so I'm doubting that.