There is no end to the amount of noodling we can entertain about Apple's "expectations-setting". "The orbital laser cannons must have been canceled at the last minute!"

In the end, you have to evaluate the device on its own merits. The iPhone 4 may be Apple's most successful product ever, so perhaps this is just "if it ain't broke"-ism. The iPhone 4 is holding its own against all the Android competitors; is it the C.W. now that the 4S will do worse?