Agreed, but what "feature" does a 1080p display provide over a 720p one? The smartphone/dumbphone comparison doesn't really work - there are no new features here.
Say I forget to charge my phone during 20% of the nights. A battery that lasts a single day will fail me very often compared to a two-day battery. Not to mention that unlike "dumb" phones, the iPhone won't turn itself on automatically to wake me up in the morning.
Also, battery life is measured for "normal use". If you are draining your phone eg. by using it for directions in a friend's car without a charger, then it's suddenly more like 4 hours of battery life.
Yet we use smartphones...
Anyhow, my Nexus 5 lasts the day, I plug it in at night. That's good enough. And I like the screen.
Battery life only matters to a point - after that features and niceties matter more...