@Jon... So basically you have an iPod at this point. Well, not even that if you haven't added mail and calendars yet. At this point you have a storage device that you can listen to music or look at pictures on, and nothing more. So there shouldn't be any battery drain after 80 minutes if you're not even doing that. Once you add anything to the device that requires it to connect to wifi or a cellular signal the problems will start and the drainage begins.
I'm seeing very poor battery performance on my 4S. I'm now at 75% after unplugging from a full charge this morning less than 5 hours ago. At this rate I've got a dead iPhone in 20 hours when it's doing nothing. The keynote from Apple states that you get 40 hours of music on a full battery. Well that obviously can't be accurate at the current drain rate when the phone is doing nothing (at least nothing that I'm prompting it to do).
I believe that iCloud and iOS5 may be the culprits. I have an iPad 64gb wifi only that I unplugged from the charger at the same time as my 4S this morning. Since it's not a phone and I haven't been streaming any videos it shouldn't consume as much power. So far today I've sent a couple of emails and did some safari surfing which maybe had me use the device 1-1/2 hours in all today. My current battery charge is now at 63%. Prior to updating to iOS5 and adding iCloud it would typically be in the low 90's to high 80's a this time.
It would be interesting if someone who had the resources could do side-by-side tests of identical devices doing identical tasks - one using iOS 4.3 without iCloud and the other using the latest iOS5 and iCloud. I think the results would be very obvious and you would find better than a 20% increase in battery consumption, across all devices - iPads, iPhones and iPad Touches. Apple, Engadget, Gizmodo, MacRumors: are you listening?
C'mon Apple - I think it's time to come clean and let your users know that you're aware of the inherent battery issues with the new software/firmware. We're loyal users and we'll understand. We've lived through the 6 hour activation delays on the 4S and the Siri server issues. We're a patient bunch, we Apple users. We just want a statement that you're aware of the problem and you're working on a fix. Do the right thing and let's not have another "antenna gate". Just let us know when we can expect to have our devices working as effiently as they did before. Thanks!