As with you my first reaction was of disgust. As someone who had been saving up just for this, I was heartbroken too. But good sense prevailed.
Everything on the Galaxy S III is a step up. The only thing that absolutely disgusts me now is the pentile screen and non availability of a black version. And both of these are a step down from the Galaxy SII.
On the other hand, I look at the HTC One X and is immediately clear it’s an inferior device in performance It wins for looks and the screen. But even then the only annoyingly bad thing about the One X is the lack of expandable memory. And so we come to the conclusion that none of these rocks the boat the way we want it to.
But then there’s always the “Next”