Yep.
Believe me, I am getting an iPhone5 next Friday but I'm not under any illusion that it's some tech marvel.
Apple has been at least a year behind on everything except display.
LTE should have been included on the 4S, if it was, I wouldn't even bother with the 5.
A year behind some peoples expectations? Or simply waiting until Apple is ready to release according to it's internal plan?
By the end of Dec your going to see 70 million new owners who could care less about expectations.
They want "The Ecosystem". It's about the User Experience. Not just specs. Specs are very important to many. That is fine. I love specs, current tech, I want it too.
However, all my devices working seamlessly together is far more important.
As is being demonstrated by sales of iPhones, iPads, iMacs, MacBooks, etc...
It's Apple schedule. They know what they are doing.