I downloaded the same game on two systems: The Walking Dead Episode 1
The 4S took approximately five more minutes to download, however the battery drained by about only 10% whereas the 3G drained by over 25%.
4S loaded up the game about 10 seconds quicker. Graphically there is no clear difference (aside from resolution) but in terms of performance, while the 4S runs very smoothly, the 3G is extremely unstable and jittery.
[please excuse the sideways screens
3G
4S
3G
4S
I decided that The Walking Dead was not really optimized well to take advantage for each system, so was not the best example. Instead I decided to look at the graphics tech demo Epic Citadel.
3G Ground texture
4S Ground texture
3G alley
4S alley
3G object rendering
4S object rendering
3G small details
4S small details
3G distance
4S distance