I guess I'll throw my 5 cents in. For me anyway, my standby time
has improved. Typically, an overnight stand by of about 10 hours
would drain battery roughly 5%. Last night after 5.1.1 update,
it was only 2% under exact same conditions.
Will see today if there is any change when in use, although I
really don't expect any.
I will say that if you have cellular data, wifi, Bluetooth and any
app that actively uses location services all at the same time
you will drain battery. This is true with any smartphone.
I did quite a bit of research before finally settling on an iPhone 4s
and every other smartphone forum that I checked out all had
threads dealing with battery life, with the new 4G LTE being major
power pigs.
I also saw the same "mine is fine" vs. "mine is a power pig"
comments as well on those forums. Perhaps some of the issues
apps and how people use their devices and some of the issues
have to do with the fact that battery technology itself is not
that consistent (which is very likely).