I have downloaded an app called System Status to help me get a better idea what is going on inside the phone.
Two nights ago I charged the phone fully and took it off of the charger at approximately 9 AM yesterday morning. I had location services disabled, but push was enabled. By 5 PM, with no use at all, the battery still showed that it had 96% remaining. 4% over 8 hours would equal the specificed 200 hours of standby time.
However, last night I played Bubble Explode for about 30 minutes and in that time I saw my battery drop 9%. My screen has auto-brightness turned on and was relatively dim under the low ambient light of a single 60 w bulb in the room.
Being somewhat surprised by the steep decline in such a short period with very little usage, I went to System Status. At that time I found that there were 22 user processes that were running on the phone...including You Tube and Bubble Explode. I had just closed Bubble Explode, but it was still a running process. I had not even used You Tube that entire day, but it showed it had been running for over 24 hours!
I also noticeed that any time I touched the screen, even if just to move very slightly on my currently displayed screen, the CPU usage would spike up to 20%. Without any activity at all I could just sit and watch the CPU bounce around between 3.5% to 8%.
I turned my phone off and back on and 7 of the previously running user processes, including Bubble Explode and You Tube, quit running. There was no change in the CPU patterns.
I don't know what the normal CPU usage patterns are specified to be, but it does seem clear that the phone is not releasing previously running programs from running in the background when they have been closed.
I again made it through last night using only about 4% on standby over about 7 hours
So in summary, I seem to be getting decent standby time with location services disabled, but app usage seems to be very demanding on the battery. I don't know if this is just the price to be paid for running a hotter dual-core processor, or if it is a bug. Either way, I'm probably going to take my to Verizon today and see if they have any additional information.
I really don't want to downgrade to an iPhone 4 since I will lose Siri, half of my storage (no 64 GB offered) and the 8 mega-pixel camera. I may try doing one exchange as another user suggested since I still have about two weeks on my return policy. But from what I've seen so far, the dual-core processor has been more of a liability than a benefit. Perhaps if I played a lot of fast action video games I'd seem some benefit, but so far that's not been the case.