I saw the iPhone in action at Macworld and it seems to run really smooth and fast for all the feature. The internet portion loaded kind of slow on it, but its alot faster than a smaller page trying to load on my new PDA with WiFi. I really like the multi touch feature which allow you to more than one fingers on the phone (so you can zoom in and out of a picture was what they did to show off the multi touch feature). Also you can type pretty fast on it for a touch screen. Apple has full control over the distribution of these phones and the way the agreements were made, it seems like you can only buy the phone from Cingular or Apple directly for the first few months. I also read that Apple had more say in what the first generation iPhone can and can not have such as it can not have a 3G network but during the keynote Steve Jobs indicated that there may be a future version with 3G. Now is it worth $499 for a 4GB and $599 for a 8GB? Knowing that Steve Jobs hinted at his own keynote at Macworld that there will be a 3G version of the iPhone, I would wait for that. But since I get employee discount on all Apple products and Cingular services through a EPP program at my work, I'm gonna buy it anyways when it hit the market in June. Than if Apple does come out with a 3G version, I guess I'll get that one too. (They say the phone will hit the market in June at Macworld.)