I just assumed by now that waterproofing was caput because of all the falls and acted accordingly keeping it far even from splashes.
Last weekend we had a party here at home, the whole family and friend at pool, barbecue and beer. I am in the pool, and "hey, someone dropped the phone in the pool, folks!".
I retrieve, and it was my phone. Other than the annoying message that it couldn't charge because the charging port was wet until it got dry, no problems, so I think waterproofing is still working.
Maybe I am lucky, but I had flagship Android phones that I paid as much for as I would pay for a flagship IPhone at the time, and none of them have been so durable, either I got a cracked screen, or didn't have updates anymore, or it got progressively slower around the 2 years mark. I think the only smartphone I had in my whole life as durable as this one was my Sony P910 that I got in 2004 only to replace it with a Motorola Cliq some 5 years later.
In my personal experience with cell phones with removable batteries, whenever one of them hit a hard floor, all that happened was that the battery cover and the battery were ejected. You just had to put the battery and battery cover back into the phone, turn it on, and everything worked fine (perhaps with a few extra cosmetic scratches on the phone's plastic casing).
Building IP-rated submersible widgets that have removable parts isn't common in the world of consumer pocket computers these days, but it's not impossible either.