I agree with ya. There are features that the phone lacks, but some people get so caught up in it that they seem to forget what it does have. The cut & paste whining is by far the worst because I have NEVER needed to use it in the 4-5 months I have had my phone.
It could use a video capture feature, but it's not like that's a deal-breaker. The camera seems to be pretty good (don't get suckered in by the megapixel war; more goes into a camera than that).
The things I want on the phone seem to be never mentioned, like Finder (the ability to move files back and forth, see their location, etc.). I'm going to cover a football game next month and could use Air Sharing to move my text file story to my phone, but I can't send it from there. You'd think I could somehow get that text file from my laptop to my phone and then e-mail it, but I can't. That's more important than the other fluff.
But on the good side, the OS/controls are by far easier than I could've imagined on a phone. It's so freakin' easy to just call someone (aside from not having voice dial) and it syncs with Address Book well. Oh yeah, it's also got an iPod inside, which no other phone has.