I think it's pretty impressive phone
Once their operating system allows for widgets and shortcuts then they could compare with Android 1.5
Because now folders are cool, since the iPhone can handle them
Also, what up with the "retina" naming, but the gyroscope would be cool, and of course, no one can compare to the App Store with the 200,000+ apps. Good luck using them in a 2GB restricted plan

Retina: Having fairly good vision and being able to see pixel separation on most screens, I am excited about this change/upgrade. Esp interested to see how iPhone 4 up-scales graphics without pixelation.
Just getting started on developing a few apps (not personally but via a developer) the additional api's are an exciting addition. This opens some doors without adding size.