My hope is for an alternating fall/spring release schedule. New flagships for the large and extra large market every September/October, and a new medium sized phone built around the same innards in March/April.
"Small" designation deliberately omitted. That's what I'd call the iPhone 1 through 4S, but it doesn't seem likely that we'll get any new ones.
Exact same situation here. Portability is much more important than an immersive experience for my use. Many people spend a lot more time on their phones than me though. I only use mine when on the move and would much rather be on a laptop once settled.