I agree. I got really excited about the keyboard thing (when I edit code on my phone, proper cursor movement is severely lacking), but when I tried it on a friend's 6S I was severely underwhelmed. The activation force seemed random, and the cursor would never land where you expected. It was slower than using the little magnifying glass on the actual text.

Touch keyboards are a hard problem, but we use them so often (I'm using one now) that I think Apple would be smart to put some more thought into it.