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Disappointing.
There is no "killer app" with this iPhone, it's just a stretched iPhone 4S, this should've been called iPhone 4GS. And I prefer the 4S' size and shape.
Look at this, it looks stupid, disproportionate.
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Nothing innovative and new here, I mean LTE? It's not new, most phones have this. The camera is the same and it does not have optical image stabilization like Lumia, what is really innovative. Three microphones? "Amazing!" Nokia does this. There is one innovative, magical feature though... Panorama.
No NFC
No Wi-Fi Direct
No real camera innovations(I don't care that the camera module is 25% smaller, who cares!? I want a better camera, Sony released a 13MP(I know MP isn't everything but this is Sony's top of the line sensor) sensor, why didn't you use that?
Is the new connector even USB 3.0?
How about something radically new like removing the home button and replacing it with gestures like Zephyr?
Apple are definitely becoming complacent and super, super predictable. For other companies it's alright, for Apple, who charges premium and is built on being an industry leader in innovation and design, this is very dangerous.