PHP:
NOTE: The following post is not for the faint-of-heart. It assumes an open mind, and a passing familiarity with Dorian Gray from "The League of Extraordinary Gentlemen". Empires crumble...there are no exceptions.
No trolling - I seriously know why you're disappointed in what you saw. I have not had nor will I have intentions on buying this or any other iPhone...and the reasons are becoming ever clearer to you. IN summary, you are experiencing first-hand the downward part of the so-called "Apple Cycle".

That's why you're disappointed. I time traveled. I saw the future and didn't like what I saw.
There are only three arguments people have for the iPhone. I will cover each one and where we're at.
- Apple's Ecosystem. Many people fight tooth-and-nail to state categorically that this outmatches any other. And in truth, if you judge it on quantity of content, it does. If you judge it on quality of content, it partially does. A lot of developers develop for iPhone because everyone else is doing it, not because it's any easier or convenient. The piracy argument can be thrown out there as well, but a simple Google search yields that the piracy affects iOS as well as Android, with a near 50/50 split from developers claiming both sides are subject to piracy. What's the truth? It's software. Software WILL be pirated, no matter the platform. IT happened with every Sony console, every Nintendo console, and every Sega console. It can't be stopped, and you can't use piracy as an excuse. Malware is one area where the iOS might have a leg up, but then proper education about the device negates the risk - don't download stupid.
- Build Quality of the iDevices. Some people prefer the glass and metal of the iPhones/iPads/iPods, and that's fine. It's a matter of taste. I wouldn't consider it "better" than plastic or Kevlar or whatever that is on the Nexus 7. We've already seen that the iPhone and various iDevices are just as subject to drop and smash damage as any other phone, so one has to ask themselves just how much this really matters. It's all about visual appeal, I get it. I'm simply saying it doesn't make a device any more or less superior.
- Ease of Use of the iDevices. Granted, the iDevices dumb things down enough that even Grandma can pick it up and use it and that's a feather in its cap. But is that really a benefit, or a shortcoming? Playing Devil's Advocate, one might feel it difficult to really find what they're looking for if you're not given at least some barebones stuff. My mother, for example, couldn't figure out how to create a website, despite the fact that just searching "How do I create a website" in Google yields millions of results, not to mention their ISP gives you instructions. Mind you, I created my first website when I was 16 years old and learned JavaScript at 18, back when HotDog HTML Editor was the Bees Knees.
SO what did Tim Cook & Friends give you today? They gave you a device that was incrementally improved, and likely intentionally. It's not because they don't have ideas. Rather, they finally are acknowledging that the iPhone is and has been behind the curve in a number of areas and in desperate need of catching up.
- Data speeds. I don't want to hear about battery. The RAZR MAXX is thinner than the iPhone and under regular usage (Except streaming audio) can last between 15-24 hours and that's on 4G LTE; light usage up to 36 hours. That's assuming you DON'T use WiFi.
- Screen size. Some would argue that the iPhone's size is perfect for them, and it probably is, especially women-folk. HOWEVER there are a population of users who want larger screens and don't mind the "stretch". Apple must listen to these users, as I submit they would be the majority, especially as competitors release larger devices over time. And it's not just a taller screen; it has to have general size.
- Audio quality. I actually own an iPod Touch 4th Gen, only because it integrates with my car's deck, and frankly, the audio fidelity is terrible. It'd do for casual listening, but nowhere close for the type of music I listen to. Considering that's it's primary function it's disappointing. I think Beats is terrible, but even the Zune HD has better audio quality. Finally, Apple has focused more attention on this oft-neglected area.
- Microphones. Adding noise cancellation and filtering microphones to the iPhone 5 screams of "me too" functionality. It's almost like to date, they focused on everything BUT calls and now that Tim Cook's in charge it's like "oh crap, it's a phone, we better do something!" Why wasn't this always there?
- Maps - so yeah, you can make the case that the map functionality was always in Google Maps but not the Apple version, and you can point fingers all day long, but was this really an oversight or another case of "they don't really care about that feature"?
- Siri enhancements - but did they essentially look at what Google Now does and program Siri to do the same thing? Sports scores?
I have gone a step further and I have already time traveled again to parse out some of the given responses for you, to save you from having to post them.
"Well, if Steve Jobs were around..."
"Apple does not cater to the minority who want ______"
"Nobody needs..."
"You're getting an AWESOME device, so what if it's not what you expected?"
"People's expectations were too high, it's their own fault."
"I blame the leaks! Steve Jobs would never have allowed them!!!"
For any that I missed: