It is an upgrade only if the changes they made matter to you. The upgraded refresh rate, camera and battery is enough for an advanced user to upgrade. If you are a casual user where you mainly just use your phone for call, text and social media then I would say it's not worth the upgrade.
The 5G makes sense. If you don't use your S pen take a look at the S21 Ultra too if you haven't already. I'm not trying to get to go away from the Note just trying to save you some money and get a great phone at the same time.
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