Earlier in another post, I said no. But the more I think about it, maybe.
The first thing that bothered me is only 1 GB of RAM. I mean, it has a flagship SoC like the A9, why jip us with less RAM with flagship specs? Then I realized every smartphone I've seen with only "4 displays never had 2 GB of RAM. Just like you don't see "4 displays with 720p or higher. My iPad 2 with only 512 MB still runs fairly smoothly with iOS 8.3. So I don't think 1 GB of RAM for a "4 display should be an issue.
For compact smartphone fans, this looks to be the pinnacle coming from Apple. They not only improved the internals to match it closely to their current larger flagships, they improved the design and comfort of the iPhone 5 series with rounder edges.
So it is a maybe for me. But since I hate iOS and iTunes, this will be one of the backup phones. An expensive $500 backup, but I prefer the size for jogging and biking while listening to music.
Primary - Samsung Galaxy S7 edge w/ 200 GB micro-sd inside
Secondaries - LG G3 Beat, Microsoft Lumia 640, ASUS Zenfone Max, Apple iPhone SE (for music), and Xiaomi Mi 3...
Rotate them three at a time every week. Then sell one of them and get LG G6 next year. I really have my sights on a Mi 5 Pro as well but my country probably won't get it. Xiaomi's 2016 flagship is probably the sexiest looking (esp in black) only behind the silver S7 edge. I don't believe the iPhone 7 renders are fake. The rears look ugly and bland like the 6 series are. The iPhone 5 series is the Apple pinnacle in design and the iPhone SE just improved on them inside/out.