I hate it! It drained in less than 5 hrs without any significant usage! My iPhone 4 was updated with the iOS 5 but the battery life was fine. I already have very few location services ON and most of my apps are not in notification center… So now I’ll try the following:
1. Switch off Siri.
2. Switch off Automatic time zone setting.
3. Switch off iCloud Backup.
Let’s see if this will help.