I wondering a similar thing. My DS is 4 months, and also formula fed, about 38-40oz in 5 feeds throughout the day. We dropped the dreamfeed a month ago and he's been sleeping through since. However, in the last week he has started to wake at 5.30am, ready to start the day. He is hungry then, so I tried to feed him more in the day for a growth spurt, but he wouldn't take any more. He also cries out in his sleep (once he did it twice in one nap!) and at night, although he does resettle. I can see teeth behind the gums and am wondering if its that.
Or maybe some crazy 4 month thing? I hope the frequent wakings stop for you soon, and someone can tell us why our LOs are suddenly doing this.