That may not be a problem now. I'm all for a larger display on the iPhone but not a larger and heavier iPhone than I've used the past. Reducing the side bezels, chin and forehead, as well as the thickness, and rounding the edges could make this lighter and less volumistic than some previous iPhone models.
Wow! You don't have much space at all up there.One potential solution is to Show the Favorites Bar. The Favorites Bar in the new Safari organizes from the center, instead of left to right, so I have additional space on either side, but I see no reason why you couldn't also use a empty Favorites Bar.