"Apple hasn't stated what baseband is in the iPhone 4S (and I guess we won't know absolutely for certain until it gets opened up), but it is almost without doubt MDM6600 just like the Verizon iPhone 4. The specs all line up, and while that part doesn't include 64QAM on the downlink, it does include a number of the other HSPA+ features I've mentioned, and is thus 3GPP Rel.7 and therefore "HSPA+."
And here I too was thinking it wasn't HSPA+. In that case it's right in line with ITU so that should lessen the bitching and moaning a little bit... but I doubt it.
"MDM6610 also appears to inherit all the air interfaces that MDM6600 had, including WCDMA/HSPA+ with HSDPA 14.4, HSUPA 5.76, GSM, CDMA 1x/EVDO (up to Rev.B, though Apple notes only A is used at present), and finally GPS/GLONASS."
"The MDM6610 inside the 4S supports HSDPA 14.4 and HSUPA 5.76, alongside a number of 3GPP Rel.7 features which are colloquially known as HSPA+. I talked about this extensively in another piece when there was some confusion about whether or not the 4S is HSPA+ - which it is."