When the iPhone 3GS came out, there were Android phones with better specs and people said Apple blew it.
When the iPhone 4 came out, there were Android phones with better specs.
Remember when the EVO was anounced... the phone that was going to crush iPhone.
It didnt stop Apple taking 15 months to anounce a new phone.
So it doesn't matter what Android is doing. Apple won't rush anything.
And a week to design the camera system, the new antenna system, make it a world phone, getting the A5 in there etc
Not a chance.
The iPhone 4s has been designed and planned since the iPhone 4.