Yep, you are all on point, but I'll go a step further. OS5, which I have, is fine, but in many ways is actually worse than 4.1 when it originally came it. This is because it runs 4.x and below apps in some sort of emulation, which required some companies to update their software to be more/better compatible/compatibility. And it runs them slower sometimes, though to my eye, it is not that noticeable.
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