I am also one of the 17 who filed a complaint about this advert. I was fed up with Apple falsely advertising their product.
Fed up with Apple suggesting that you can get a pulsating dot GPS lock and map draw over 3G within half a second (when anyone who has used Maps like this knows it often takes more than half a minute to do so).
Fed up that they suggest that applications can be launched instantaneously, that PDFs can be panned and scanned without any lag, that the Mail interface is that snappy.
And all of this against a soundtrack that insists it's "really fast" and a visual sequence that suggests the passing of real time. Well it was enough to make me sick!
So that's why I filed my complaint. And I'm very happy that the ASA have ruled as they have.
I love my iPhone and all, but until it is capable of doing all those things as quickly as is shown, the ASA was right to say "this advert misleads consumers".