Roger, the i5 is SUPPOSED to drop next summer. Just like it was SUPPOSED to drop this summer, but we got the i4S. Who knows? If I were you I would get the 32 GB i4S now. I don't know how many songs you have, I have 700 songs and 1300 pictures on my 16GB, and still have 5.2 GB free, and that's with 30+ apps. The reason I asked about the camera, the 4S camera is twice as good as the 4. It's digital quality, seriously. I've got a 10mp Canon Power Shot and it's as clear as it. You can take a photo every .5 seconds, basically as fast as you can hit the button. Siri is very useful and convenient, and the browser and transition time from app to app is 30-40% faster than the i4. It has a smoother feel to it if that's possible, it kind of flows smoother than the i4. To me, it's a good upgrade from the i4. I see no real change in battery consumption between it and the i4. I had originally thought the 4S was better, but it's really about the same. Good luck with your decision, and let us know!
Good choice brother Rog. Honestly, once you get used to the smoothness of iOS as you have with your i4, you won't be satisfied with anything else. I tried the Torch, I tried the Inspire, but about a month of each and I was missing my i4. I think you'll be pleased with it. BTW how many songs DO you have? LOL.