I am going to wait for the jailbreak. There's a few jailbreak things that are essential for me (and no, I do not pirate anything). It sounds like that might not be too far off, but still a work in progress.
Y'all panic too much. I update every time it asks me. Never been affected by bugs, never had an app that didn't work.
Agree with Midian, i think people are worrying too much. Its Apple, if somehow theres a major major bug/issue it'll get fixed. I'm bored with the way the current iOS looks, looking forward to this new version. Wish they would ditch Siri though, do people honestly use that ?? First thing i do with a new device is turn that off instantly
I've certainly had apps that break after a major update, but they are always patched fairly quickly by the authors. If you want to avoid that entirely, wait a week or so.
Apple are excellent at upgrading older models with their iOS updates to run like syrup. Guess it's a bit of a device upgrade incentive.
I can now tell you that iOS 7 does indeed run well on the fifth gen works just fine on mine,no noticeable slow down
Again i dont see the worry, think people are worrying way too much ! Got ios7 on my ipad 3, iphone 4, ipod touch 5 and all okay. Doesnt seem slow, been enjoying using it, tidying up folders etc, all good