Impressed!
I was one of the folks who really wanted a bigger screen, taller AND wider. I bought the 5 since I was eligible for AT&T subsidy, but had every intention of selling on eBay for a profit then holding out for something with a big screen.
I couldn't resist playing with it though, and now I don't want to part with it!
I think the quality of the new screen makes it seem larger than it is. It's much easier on the eyes somehow. I had to break down and take the plastic off to really appreciate it ;-)
I really like the new connector despite being heavily invested in the old 30-pin.
I'm going to keep using my unlocked, jailbroken 4S for a while since I'll be doing some traveling this fall an need to use foreign SIMs (can't rely on them having nano-sims yet, even if I unlock it) and iOS 5 public transit maps are essential for getting around unfamiliar cities.
Hopefully when my travels are over, there will be a stable jailbreak, cheap after-market lightning cables and adapters, a plethora of stylish cases, better maps, and LTE in my hometown

I had a couple tiny nicks on the metal backside right out of the box, nothing worth making a fuss over, but I think a case will be essential, as it seems a little more delicate, as least as far as cosmetics are concerned. I love the new design though, especially the white version, and its SO light and thin!
Nice Job, Apple!