OK, so I did that. Rebooted then unplugged around 10:15pm or so. No use overnight... At 630am, I was at 90%. I check my overnight emails on the way into work, and here at 8am it's at 81%. The Usage stats:
Usage: 1hr 7min
Standby: 9hr 48min
Let me know what you think.
Thank you VERY MUCH for this info. I think I have a working theory now with this info and some other anecdotal evidence I have read about. And it would explain a great deal why some people are affected and others aren't.
I believe that the version of iOS 5 for the iPhone 4S is in fact different from the one you install on the iPhone 4 even though they have the same version #.
It is possible that the phone is no longer properly going into sleep mode and the CPU is constantly being clocked at 800 Mhz instead of sleeping at say 200Mhz or so. This theory fits your two night test. The reboot cleared the condition and discharged at the expected rate.
Now I have to figure out what app, function or condition is creating the issue.
Of course I could be dead wrong on this theory. But this is the first theory that fits all the conditions I am seeing.