I don't see why having a few mm of bezel around the edge of the phone to house the camera, microphone etc was ever a problem. Does making the screen a few mm large by getting rid of this bezel really give you that more usable screen space?
I know *I* prefer having a bezel on my devices. After all, you've got to be able to HOLD the farking thing without accidentally touching some object on the screen.
Of course, I expect they'll give the Apple excuse; "You're holding it wrong". Yeah, hold *this*.