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At the moment I'm leaning more towards the Lumia 920 and I never thought I'd say that (haven't had much faith in Windows 8). Nokia seem to have genuinely invested in creating an innovative phone with some cool features. To be honest, I think the Lumia 920 will do more wonders for Windows Phone 8 than vice versa.

The iPhone 5 just seems like an incremental, completely predictable upgrade and is in many ways is just playing catch up with other phones on the market (not to mention just adding in Apple's alternative software to already existing apps). It doesn't have any killer features that we expect from a new iPhone. It was arguably less of an upgrade (feature-wise, not hardware-wise) than the 4S was over the 4; at least that introduced Siri. Still expect it to sell bucket loads as too many people are invested in the Apple ecosystem.