So apart from ..........
A bigger screen.
A significantly faster processor
Double the RAM
A standalone graphics chip
The lack of difference is indeed silly
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The bigger screen is barely noticeable.
The added processing power makes no difference.
The added RAM makes no difference
Bluetooth change makes no difference.
4G isn't available within 20 miles of me so makes no difference.
A standalone graphics chip makes no difference.
A fingerprint sensor is a gimmick.
So, no real advantages to the user. It's a lot of willy waving.
When I got mine, expecting great things, putting a 4s and a 5s next to each other and running the same tasks on both at the same time shows no actual difference. The screen is a shade larger, that's it. To compensate, hold a 4s about 2 inches closer to your face for the same effect.
Oh, and a fingerprint scanner means that a thief now needs to cut off your hand when they rob you. Bonus!