I don't doubt you would mkrishnan but IMO many who are wanting this mythical 12" MBP are expecting the power of the current MBP stuffed into a smaller enclosure without taking into account the heat and battery life issues.
I think this update to the macbooks was more than fair. New chips, a .1 lb weight loss, and in a pretty portable machine. I don't know how much more (except maybe in the RAM department...Apple always gets away with less in this area) one could ask for in a consumer notebook.