Is now a bad time to buy 4s?

Wait for the iPhone 5. The iPhone 4S doesn't have LTE / 4G support. So your iPhone 4S will be outdated very fast soon.
 
Not really... Its midway through the product cycle and demand has steadied out so there will be little delay in getting it. Depends what phone you've come from though. If you've come from an iPhone 4 I wouldn't buy. But if you came from a peice of **** like me then I would buy, and I did :D
 
If you are a person who only buys a new phone every two years, I would buy the 4S now and then get on a cycle where you can get the S version every two years. That would be my advice.

I don't think the next iPhone is going to have great battery life with LTE. I think it will be much improved when the 5S comes out.
 
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