Is the browser faster on the 5? Yes. The 5 supports the 4g lte network. The 4s does not. There is a discernible difference in browser speeds between the two. If you don't use the Internet browser for much other than quick look ups, the faster browser will not matter as much.
Does the faster processor in the 5 make a difference? Yes. Application software loads faster and runs faster on the 5.
Is the bigger screen on the 5 noticeable? No. Without putting the two iPhones side by side, the larger screen on the 5 is not noticeable.
The 5 requires a new case, jogging arm band, car charger and extra sync cables. This cost could easily add $100 or more to the cost of a 5.
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