After a long time, I was really, really looking forward to the new iPhone Release.. (This is important because I am an Android Fan). Main reason for the sudden interest in iPhone was my plan to buy a iPhone for my parents. (In my opinion, Android is still too complex for my parents). And thanks to the persistent rumours of a cheap iPhone (
A 15k iPhone would have really blown away the competition and would have established iOS as the leading mobile operating system in the world. And nobody else other than Apple have the capabilities (supply chain) to launch a good sub-15k smart phone in the next two years. But sadly, Apple choose not to do so. Rather they chose to release an iPhone which just nullifies Android's differentiators. A big fail from Apple - which is always expected to push the envelope w.r.t iPods, iPhones and iPads.
With the speed in which Google iterates on its Android OS, Apple would be forced to a do a lot more catch-up when the next iPhone is launched.