That simply can't be the end. Certainly Leopard has to be mentioned at some point, no?! If not, that's a very bad sign with Vista coming out for consumers at the end of the month, the fact that we weren't even given an update on Leopard or about when it will be out...
Does this mean they put all their eggs in one basket and threw most of their R&D budget just into the phone and away from other things, like Leopard?? The phone is very cool and I think it will eventually do great, especially as technology improves (battery life, capacity, any kinks) but with or without the word "computer" in their name, people are expecting Leopard to compete with Vista, and we still don't have any more specifics than last time Steve talked.