Good for you. I cannot argue, as it is a very pleasant experience to live in Apple Fanboy Fantasy Land.
Unfortunately in real world, the real iPhone has real problems. Some of which were just magnifyed by the update.
Care to name a single problem with the iPhone that was magnified with the update?
Personally, I have gotten a ridiculous amount of use and benefit from my iPhone. Even at the initial launch price it paid for itself a very long time ago.
My biggest complaint in my first 3 months has been speaker/handset volume. This update seems to have addressed that some, so I am very happy. I get a lot of use out of it.
My iPhone actually was a life-saver for me last week. I was out of town on vacation I was able to ascertain and deal with a problem in my business all through my iPhone long before I could have managed to deal with it any single way. So in short order things were back in line and I could enjoy my trip.
The reason why my experience might be different from some others is I primarily bought the iPhone for what I knew it to be and what it would be capable of doing. I didn't fantasize about it being something else or having a completely different feature set. If it did not come with features and tools beneficial to me out of the box I would not have bought it.