I got the same. 16gb is more than enough because most media I want is stored in various cloud services, a 64GB iPad, and laptop. It doesn't make sense for me to buy so much storage on a phone. I just hope developers don't start producing bloated apps.
I have 32GB iPhone 4 I bought around end of April. Now it's 100.00 cheaper because of 4S. Waaahhhh😢😡. Oh well, thats how it is 😉
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I have the 32 gig....I don't need it for the most part but I am glad I have the extra memory just in case. The 64 is over kill for me....I am pretty sure I will not keep this phone long enough to fill it up with all the cloud services available. I got my wife the 14 and she has barely scratched 8 mb filled.