Funny, I feel the same way about the new Moto X. I think the larger screen was a mistake, and Motorola would have been better served to update the existing 4.7" phone and release a 5.5" or larger separate device.

I will be very interested to see if Apple continues having 4", 4.7", and 5.5" phones in its line-up over the next few years. It seems like a natural spread that covers a good number of different use cases.