I most certainly wouldn't call the newest BB browser crappy.
I don't think it is either. I think that one thing we have to keep in mind with the iPhone/BB comparisons is that they're trying to accomplish different things. The iPhone is an attempt to build a platform resembling a powerful computer in a small case (thus the reason for a mostly complete version of Safari). The BB is an attempt to make the most productive cell phone possible - thus the high quality, but still cell-ish browser. Anyway, just something to keep in mind.