I guess we are all learning to manage the battery better through this experience, I've certainly learned a lot just by going through and testing different things, a few hours ago on my 4s I had bad battery drain, now it's quite reasonable, I played around with a lot of setting so I am not fully sure what fixed it but I would say firstly turning everything off, restarting the phone, and enabling the features again after restarting may have done it, secondly and in my case more likely, I went into the iCloud section in settings and realised that I wasn't logged in properly, so I logged in, btw I don't use iCloud right now, not for anything, it's all set to off and has been from the start, however before all this, I was getting a large portion of my locked/standby time registering as usage time. Now it doesn't at all, so maybe it was constantly trying to log into iCloud even while locked, even though I'm not syncing anything to it, seems it still likes you to be logged in. The other thing I tried was leaving mobile data off for an hour, turn it on again and restart.
I've now gone from watching my battery percentage plummet a percent every 2-3 mins, to having 4-7 mins instead depending on screen brightness. I've worked out medium vs max brightness drains the battery 3mins faster per percentage of battery.
I think by no means is my battery life on par with the 4s battery specs from Apple, but it's now a lot better and I'm expecting the update to make up some more ground to bring it into spec or thereabouts.
Let me know if any of this works for any of you, good luck!