Instagram, as it should look on iPhone 5 but doesn’t

So the iPhone 5 is here, and with it a new, slightly taller screen. I am not a very avid instagram user, but from what I have seen over at @fieldesign’s screen, the UI has had … issues in the past. The one thing that’s important, your photo, is not fully visible on the filter screen. Who thought this was a good idea?!

I get that you can’t make touch controls too small, but with a little nudging this should have been doable. Whatever, the taller screen would be a great opportunity to rethink the add-filter-UI in my opinion. I have not put too much effort into this, but I’m thinking something like the screenshot attached. More filters visible at a time, standard iOS pagination, resulting photo 100% visible. Sound good?