After waiting almost a year and a half? I'd have to say yes, my reasons are purely selfish, I know, but when I see other companies pumping new phones every month it makes me wonder why Apple can't do more in 16 months when they only make one phone. I also see Apple being leapfrogged by the competition, the 3GS was fine for 2009, doing the same thing to the 4 in late 2011 isn't gonna cut it this time around.
For one, this whole LTE hype seems pretty pointless to me, there are several things I want in a new phone, LTE isn't even on the list. Reason why is because probably 75% of the time I'm using data on my phone I'm on wifi, and I find 3G to be plenty fast, it's the phone could be a little faster (that's where the A5 comes in). I also know AT$T will probably charge a ridiculous rate per month if you actually want to use that LTE, if you actually live in an area that has it.
The top 3 things I wanted are a bigger screen (over time I've realized that for certain things, a bigger screen would be nice, I think 4" is perfect, and you know if Apple doesn't use that Toshiba 4 incher with the 367ppi, someone else will), the A5, and yes, a
notification light.
I guess what I want is not a faster iPhone 4, I want an iPhone 5. Of course, I felt this same way on the eve of the iPhone 4 release

So we'll see.