iPhone 4S 5.0.1 Update Improves Battery w/ Settings Reset
After installing the update make sure you reset all setttings. I have done a few updates now and have had much better sucess after settings reset all. Standby drain has been virtually eliminated from 2-4% hr before update. It is located in settings/reset//reset all settings. You loose some wifi and desktop settings, but data, apps, etc remain intact.