I am ALSO keeping my 4S. My 4S is my first iPhone. On contract until next Fall (2013). Will be getting the 5S at that time
I really don't see any need to upgrade to the 5. The bigger screen is nice, the LTE is obviously a plus, and the fact this it's faster is obviously enticing. But I don't think I would EVER upgrade every year. Even though in a few days my 4S will be considered an "older generation", it still feels fresh and spanking new to me. Not only that, but physically it's mint and will run iOS6 smooth as butter, according to many testers. I'm also excited that the 4S will get the panoramic camera mode and fly over in maps. I'm thankful that it gets all the features that the 5 gets with iOS6.
Someone above me said it makes no sense to be on the S cycle, and upgrade with every S model...but if you think about it, it does make sense. Sure, we will get the 2nd installment of essentially the same phone, but the S always has upgrades. So if you continue to upgrade with the S models, then you will constantly get the BEST iPhone out of each 2 year generation. 3<3GS, 4<4S, 5<5S. I'm not saying it's a better decision to be on the S cycle, but I don't think it's worse. And since my first iPhone was an "S", it only makes sense to stay on the S cycle.
I may be alone here, but I actually love having an older generation product. And the fact that the 4S is the last iPhone EVER to have the 30 pin connector, and the 3.5" screen kind of makes me love my phone more. It's sort of a vision of how the iPhone once was for years.
The 5 looks amazing, performs amazing, will sell like hot cakes, and will soon be widespread across the world. And YES, I will be a little envious. But my 4S is a solid phone and I'm sure it will stay that way until I upgrade next year. Plus, I don't really feel that bad. People are still signing 2 yr contacts on the iPhone 4.
