What the tech-elite are upset about is that the iPhone is the product of -SAFE- design. They made safe design choices, safe technical choices, safe aesthetic choices, and paved over some platform disruptions that are going to stick in more than a few craws (new maps, new dock connectors, new advertisement rules, etc). There was no zing zap zowie twist, no manic panic streak, just safe iterations like thinner/faster/tighter/stronger.
Think about it: there isn't one new sensor type, one new I/O type, one signature new datatype (save for possibly Passbook), nothing. The smartphone is becoming mature and the 8000 pound gorilla isn't willing to start zigging and zagging with the highest profile product in technology.
People want to be wowed, and when all they got was a thorough refinement of what they had, they left disappointed. My mom is going to love the decisions Apple made regarding her iPhone 5. John X. Android won't.
It doesn't matter though. This phone is going to sell tens of millions a month, be the safe #2 market seller, be the #1 money spinner, and stand for another year as the overall best.
You want daring phones? You want risky phones? Look elsewhere.