No, it's called Samsung building a cheap phone because that's all they know how to do.
Take a look at the HTC One X or the Nokia Lumia line, well built, great looking durable phones that do not feel like they came free in a box of cereal.
And the S3 doesn't even perform well in drop tests, it's still a glass screen after all.
I disagree with you and apparently there are a few million others also. I am not going to sing the praises of the S3 to someone who obviously dislikes the phone. That is like trying to convince some a**hat pro life politician (male) from the perspective of the female victim that pro choice is a viable and fair option.
Religion, politics and Apple fanatics just can't be reasoned with. And I don't mean to the extent that I can change your minds, just to the extent that you can have a neutral, non offensive based conversation on a different option than you would prefer without having to use insults or such.
I digress... my point is that iPhone5 has merely caught up (in features) to Android.
It's like your favourite athlete who is running behind all of the runners, you cheer him/her on, knowing that she/he won't finish first, HOWEVER, you know that when he/she crosses that finish line that it will be done with flair and showmanship.
Ergo, I am certain that Apple, although they have waited a whole year, have finally met the current mobile phone requirements and desires (they in no way, have exceeded them), and done so with their particular flair and attention to detail. Hopefully ensuring that the device will perform excellently.