Honestly, I went from a 4" device to the S3, and I haven't noticed a problem at all with the size.
But if you look at all the things you want from a phone, the S3 gives it to you. Sure, if you root/flash it, which I did....suddenly it is that much better, but I don't think the Nexus 4 is such a better phone, nor any of the other 'quad-core' phones coming out.
They are all fast, and most of them do LTE. What more do you want? Everything else is personal preference.
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