I had the exact same experience as Yunivers reports. The new iPhone received on Friday is working like it should. I had 24+ hours Standby after 10+ hours of usage. I am a heavy user of various things. This I can live with.
However, what I did different was that I just restored it from the old iPhone 5 backup. I have too much going on to setup as NEW.
What I do want to add is - for all of you stuggling with older iPhone5 (I bought my defective one on Nov 15th) the problem IS hardware and not the iOS version. I have struggled with the question - did the iOS 6.0.2 firmware cause a problem with the battery life - the answer is "I dont really know" - it sure looked like it. But having read all the forums and my own experience with the new iPhone - I feel it was the upgrade and something else, as in Hardware. I did DFU upgrades. I downgraded to iOS 6.0.1 and I installed from a new computer as NEW and left the phone without anything running. So I went thought all the software possibilities and then some.
What I am glad to report is that Apple has now fixed this issue and I am happy with Apple again. I have a friend who is using the fixed iPhone5 and he gets similar battery life and no wifi issues.
My old Model No. was MD297HN and the new one is MD297ZP. My friend has the MD297T?. It seems like the model numbers indicate there was an issue with the xxxxxHN models and maybe before and for a bit later.
If anyone know different please correct me. This is just my own theory. Not confirmed by Apple.
I have left the iOS at 6.0.1 for the moment as everything is working (including wifi) so I am not upgrading.
Also I have an iPhone 4 (8GB) that goes 2+ days standby - but is not used that much. And an iPhone 3GS(32GB) that does 3+ days standby and is also not used much. However, both phones are on all the time.
If you have a battery life problem and you can go in to Apple and get a replacement. Do so.