To be fair Notifications on Android aren't exactly always great, but I do like them over iOS. iOS is ok, but I'll never understand how there is no banner icons for email/sms/etc. There is a banner icon to remind me that I switched the phone into silent, but no banner icon to let me know I have email. From day one I thought that was weird considering phones have been doing this since the days way before iPhone.
I am one of the people that really like the LED on certain Androids. I never understood why Apple, with all their attention to detail and design, never snuck in an LED light in some sexy fashion (like integrated into the home button). And since you can customize what the LED does on Android, there is no reason Apple couldn't add that. That way if you really hate it you can just deactivate it.