The best part is this: "Most smart phones are pretty great nowadays. Needing SPEC upgrades is totally unimportant to me at this point (perhaps with the battery capacity being the 1 exception.) For example, no benefit would be achieved in everyday use if the Note 7 had a 821 instead of a 820 processor. It would not affect most folks day-to-day use one bit IMO...."
While I AM part of the "I'd really like a removable battery crowd," I can see ways around this battery issue if I absolutely wanted this new device and had a compelling reason to get it over competitors' devices or what I have now. So, I actually HAVE gone to Step 2 and thought about the rest, because this is just about when I get the itch and want something new just because...I want something new. (What can I say.....I have a disease of upgrade-itis.)
The real question is...why? I'm not sure I can find an answer there. Perhaps I'm recovering from upgrade-itis. It's very, very expensive. My Note 4 is still a great device, working perfectly. It does everything I want. It is perfectly configured (and with all the tweaks I have, that is no easy task). So, I get some incremental upgrades in speed like the poster was talking about. Most of them I won't even notice on a daily basis. I do see a couple of N7 features I would like (waterproofing.....!), but nothing that makes me feel that what I am using has become obsolete and in need of an upgrade (I joined this forum in 1999 with VisorCentral; here is how many I have dropped in the water: zero).
I just don't see a compelling reason to upgrade. We have reached an era of "good enough," just like laptops and desktops. Everything does the job. Incremental advances just aren't that compelling. When (a) my current phone starts to show problems; or (b) the collective buildup of new features makes it feel obsolete to me and I'm looking wistfully at my seat companion on a train; or (c) there is finally a feature so great that it makes me say "Yeah! Gotta have it," like in the old days, then it's time to upgrade again. I'm just not feeling it. It looks like a great phone. If I needed it, I might buy it. But I don't see why I should run out and buy it.
I think others have noted this--I certainly didn't invent it--but the manufacturers are acknowledging it, too. We have moved into a different era. Change is gradual, but things are changing. I just don't see that the impulse to keep upgrading regularly will ever be as strong as it was a few years ago.