That's exactly what I mean. Design, all aspects. Software and UX is one thing. Hardware has followed a boring linear progression with no real innovation other than bigger screens and faster cpus, more ram, video acceleration... if it weren't for the miniaturization aspect no one would care.

My 3DS is more impressive.

I disagree, but it's subjective. I loved going from iPod + phone down to just an iPhone. When my 4S arrives I'm going to love getting rid of my point'n'shoot, and not feel like I have to have my DSLR to get decent photos. I have no video camera but am excited to have a decent one in my pocket.

I'm excited about the hardware and software improvements that make the 4S a good camera. Good enough for a point'n'shoot.