Someone should bring out a pouch for this thing with a magnifying plastic cover to make the screen look bigger. Seriously Apple, the jump in screen size from the iPhone to iPad is just too big. I only discovered how small the iPhone screen really is when I got my SGS2 ... and now I won't go any smaller. I believe Apple made a mistake not to increase the size.
Personally I don't see it as much of a problem at all. I carry my phone in my pocket and generally use it with one hand. Plus battery life is always a priority.
I guess time will tell.