I think i have reach a more manageable battery usage. I disabled sync and auto update and some of the phone features I know I will not use. In addition, I installed Battery Saver and I have tried out the three different levels. I'm also using Battery Indicator to keep track of how long it has gone unplugged. So far i'm at 6 hours with 47% left. During this time, i've been downloading new apps, configuring my screens and used the navigation for about 30 min.
At the moment, there is a great improvement in the battery life. Thanks for your help - you've help make this phone even more fun to use