Stereo speakers? Isn't stereo achieved in landscape by combining the (one) speaker at the bottom plus the earpiece speaker? How does this needed the remove of the jack? Tim?
If you had paid attention to previous rumors, you would have seen that the display module is now flipped upside down, so the top portion of the phone has more room for the larger camera (with OIS now on the 4.7" for the first time) as well as the larger earpiece/speaker module. The display module's interface is now on the bottom of the phone where the headphone jack used to be, along with a larger battery. The waterproofing was a separate issue and I'm not sure why they mentioned it as a reason to remove the headphone jack. The headphone jack removal really only seemed to matter for the larger camera, battery, and speaker.