See this thread for more, perhaps scary, information:
http://www.iphoneforums.net/forum/iphone-4-12/iphone-4-ios-4-2-battery-life-5422/
My iPhone 4 had done really well after a few hard resets, but is now back to its old behavior. After the reset I went 8 days without charging, but also being scared to use the darn thing. The next charge lasted two days with only minimal use (4 or 5 texts, a few short telephone calls, and no other usage. In my opinion, OS 4.2.1 made the difference in my phone. I even got them to exchange it, but the poor battery life continues. I have EVERYTHING turned off, and hardly use it except to see how fast the battery charge is dropping. I've quit using apps at all. It's really just a battery meter that I can take an occasional call on. I wish I had my old iPhone 3 back.
http://www.iphoneforums.net/forum/iphone-4-12/iphone-4-ios-4-2-battery-life-5422/
My iPhone 4 had done really well after a few hard resets, but is now back to its old behavior. After the reset I went 8 days without charging, but also being scared to use the darn thing. The next charge lasted two days with only minimal use (4 or 5 texts, a few short telephone calls, and no other usage. In my opinion, OS 4.2.1 made the difference in my phone. I even got them to exchange it, but the poor battery life continues. I have EVERYTHING turned off, and hardly use it except to see how fast the battery charge is dropping. I've quit using apps at all. It's really just a battery meter that I can take an occasional call on. I wish I had my old iPhone 3 back.