I understand some of the technical reasons to remove the headphone jack. In doing so you not only allow the phone to be water resistant, but the big thing is removing the digital to analog conversion part of the phone. They briefly mentioned it in the Keynote, but I think they should have gone further into it. Basically if they said that the reason for the better graphics and CPU is because of the space freed up by removing the converter, people would have been all over it.
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