The iPhone 5 is a significant improvement over the iPhone 4S in nearly every regard, and in those areas that didn’t see an upgrade over its predecessor — camera, storage capacity — one could make a strong case that the iPhone 4S was already ahead of the curve. Every area, that is, except for the OS. If anything, it’s the operating system here that’s beginning to feel a bit dated and beginning to show its age.
It’s maybe telling that the iPhone 5 is benchmarked against its predecessor, the iPhone 4S, and not by other brands of smartphone. Just because you’ve seen the magic before, doesn’t make it any less magical.