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Please help me get caught up

I haven't been following things. Is the battery like issue the main problem with the 4S? Does it affect only the 4S or is it more related to iOS 5.

What was the major cause and how does a firmware update fix it?
 
Regardless of whether it worked or not, there's something disturbing about someone calling a bugfix to be "nothing short of amazing". Having a product work as advertised should be an "expectation" not a miracle.
 
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