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I know, my son wants one today. my husband wants one this morning.
neat, maybe it will be better than those razors that keep getting dirt under the cover.

How's the battery life I wonder?
The beauty of this phone is how upgradable and customizable it will be. No buttons = buttons for every occasion.
For example, you install a software upgrade, pick your brand of family room TV/VCR/etc., and now your iPhone is a remote (commands would have to be sent via Bluetooth rather than IR, of course). Walk into your bedroom, it detects the new TV and becomes a remote for that TV. It can change to suit every appliance control device you own, from baby monitors to garage door openers.
This phone is great for what it can do now -- later come the third party applications, doing stuff we haven't even thought up yet. Ninety percent crap, maybe, but with that, 10 percent genius.
There will not soon be copycats. Apple has a lock on the key patents, and Jobs said in his presentation that Apple will fight to protect them.