Personally I don't think the camera is going to make an appearance before it hits the iPhone. The iPhone is their communications device, the iPad their media consuming device. I'm the same as most people here, I would love one to be included from the get-go, but lets be honest they don't need to add one at this point. All they are looking to do is, as with other products they release, introduce people slowly, get them hooked. Once they've done that they can make small additions and cosmetic changes to said product safe in the knowledge people will buy.
All I know is come launch day, I'll be there waiting to get my hands on an iPad, and something tells me that within 5 minutes of owning one I'll have forgotten all this camera nonsense.
Agreed. People are focusing on the hardware and its the software that will make this device.