I must admit that even though there are 500+ pages on this battery issue, the number of non-repeat posters complaining about the battery issue is rather small. Sure there are 7,549 replies from various people, but some people have posted upwards of 15-20 times or more. In reality, this one thread alone only has about 600-700 people that have experienced battery problems on the new 4s. Seems small considering the millions of phones that are now out there around the world.
Though a pain in the butt, most people have seemed to solve the battery drain issue by setting their phone up "as new". Sure they lost all their data and such by wiping their phone clean, but it only takes an hour or so to get everything back on it. In fact, most of the issues seem to be caused by people who setup their new 4s using a backup from an older iPhone. I think the home-remedies that people have invented, like shutting of everything and then rebooting while holding the phone upside-down, and jumping in the same spot doesn't do much (at least to those that understand software programming and hardware integration).
Are there defective phones out there....YES. Is there a software problem likely contributing to excessive battery drain, in combination with individual user settings...YES. Could the problems be a manifestation created by people with limited or no experience using smartphones, or what to expect from one?....YES.
I have had my phone for almost two months now and have not had a problem with the battery life. I am currently running 9A406 and it operates the same as 5.0 did (not sure of the build number, 9A334??). I keep most stuff on and see acceptable operating life (about two days between charges). The only glitch I noticed was standby time and usage time being identifical. This went away after I rebooted the phone which cleared the internal RAM and iOS buffer. Other than that, the phone works as represented.