There will always be a faster/more powerful device to look forward to, so the Bionic losing some of its luster as we approach launch day doesn't really surprise me.
What DOES surprise me is that we have virtually NOTHING to talk about. Hype is only a "free PR" miracle-machine after it's been thoroughly wound up; and I think we're several major announcements away from anything resembling "hype" status. I mean, I'm still wondering if it's going to land in the same quarter it was initially slated to arrive in. Such uncertainty about an exciting new product is weak... so very, very weak.
In an attempt to look at the bright side.. perhaps all of the marketing & advertising budget was given to R&D to make the phone unbelievably great. Yeah.. that's it.