Funny all the newbies coming on here to say I'm done with Apple lol. Apple products just work. If there is only 1 gig of ram I'm not concerned because I'm sure it will work fine. My Galaxy s4 has 2gb of ram and I cannot tell any performance difference between my husbands iPhone 5c and my galaxy s4. If anything my galaxy crashes and freezes up often. The iPhone 5c doesn't.
If this rumor about 1gb is true apple made a conscious decision to give up sales rather than margin. For the people who compare specs on paper apple doesn't care about those lost sales. For the few people who claim to have issues with 1gb ram and move out of apple, apple doesn't care about them either.
The iPhone 6 is going to sell like gangbusters. Antenna lines, camera lens, 1gb ram, no wireless charging and all.
There is going to be a certain amount of "I've left apple threads", but apple knows who it caters to in terms of a consumer.