I think that the "cutting edge" is on the software side of things now: UI, social connectivity, quality/quantity of side-loaded applications, etc -- or what I personally call distractions.
I honestly can't believe how fast things have accelerated away from the N95/N82, and while I like new devices and new experiences, I do miss the days of simply having "just" a phone that is capable of taking pictures and listening to music. I just felt like the devices were more focused, and were tools instead of toys.
On with the future, I suppose.