This is why Android phones are creeping up on iOS...they are offering more features and constant innovation in the hardware. iPhone users (and I used to be one) only enjoy hardware innovation once a year.
When does a single user actually get more than one new phone a year? You're creating a false scenario for a single user. As a community, android users have more choice, but a single user isn't negatively affected by the amount of innovation given that they can only buy once a year.
Maybe we will see an LTE iPhone in 2012, maybe not but I can say with all the certainty in the world that Android will have kick ass dual core LTE phones with large screens and probably something retina like in resolution by then. I wouldn't be surprised to see 12 MP cameras, 2-3 MP front cameras all running Android 2.4 Ice Cream Sandwich.
The forthcoming iPhone will likely be the dual core A5 processor. There is no faster SoC out there right now. 12 MP is irrelevant. It's all about the quality of the sensor, of which Apple is ranked one of the absolute highest. You're falling for the numbers game and assuming bigger means better.
For instance, only camera I've seen rated higher than the ip4's is a nokia's. Who's using nokia smartphones these days? The ip4's screen is considered among the best. The only one that will outright beat it is probably the upcoming SAMOLED + from Samsung. However, I bet the iPhone 6 or 7 will probably make the jump to AMOLED too. In terms of battery life, the droid x and atrix are pretty much on par. You have to get a blackberry to get better battery life.
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