I've seen that a lot of times before, and it never gets old . That is one slick phone and I'd totally buy it if it came out. Unfortunately, it has about as much credibility as any other Apple phone out there.
Not sure about the phone itself, but from what I saw on the phone - the Apple logo. It would be cool if the iPhone had a lit Apple logo just like how it is on the iBook/PowerBook and MacBook/Pro. Maybe it could glow or pulsate when you get a call, and it could do the same while using the phone. Doesn't have to be white, but some other color.