"You assume the technology is ready?"
Obviously ATT is lagging in LTE availability, but they now have it in admittedly rare areas. Verizon clearly has it out there. There are phones (and other devices) coming on the market with LTE capability. Entering a 2 year contract now with a non-LTE device is crazy. I know individual people tend to use certain phone features more than others so their feature desires differ. I can honestly say that I have never taken a picture or shot video with a phone and won't. I also wouldn't own a point and shoot camera. So in my case I don't care how many megapixels they put on tiny sensor in an iPhone. I don't use them and the tiny sensors are not capable of using the pixels properly. So add pixels, increase display size, increase memory...if you are not data capable I'm not interested in getting 2 years obsolete. I'm not trying to speak for anybody else...just me.
NFC...it's going to happen...already has. Yes, merchants are not ready but that can change over night. With the competitors lining up for the sprint, the winner will be the first guy with a reasonable device and merchant backing. That won't be Apple if they sign up a bunch of Apple geeks to a new two year contract in fall 2011 that does not have NFC.
I do not think Apple will release a new top of the line iPhone now without capability to do both. If so, my fellow Auburn alumnus, Tim Cook, with be off to slow and deadly start. Is that why Jobs chose now to leave? I think so. I wish Tim a lot of luck, but no NFC, no LTE, no more iPhone dominance.