I thought about it, but there are some major issues.
1. The phone doesn't sense the 8 gb internal storage for apps. This means that you use the small amount of ROM for apps, and anything more than that you need an SD card. And apps can't be fully installed on the SD card alone. 3 different sources of memory you have to worry about just sounds obnoxious.
I'm pretty sure that's going to be addressed in Froyo, but either way it's of little concern to me. If the memory works it works, and I'm pretty sure there won't be any real issues there
2. OLED screen and sunlight don't play well
I think this has unfortunately generated quite a bit of fear of the OLED train. After using my buddy's N1 outside in DIRECT sunlight, I came to the conclusion that there's just a bunch of whiny people out there. For one it really was completely readable. I was able to complete any tasks that I intended to. And for two, I personally do not walk around outside staring at my phone or electronic device. I tend to use my devices much more when I'm inside. For those who play with their phones more outside, I suppose this could potentially be of concern, but not for me.
3. Sense. I know a lot of people think sense is cool, but I think froyo's right around the corner. And all these new incredible owners are going to go crazy when it takes HTC 3 months to upgrade to the new version.
I think this one is valid, however I'm sure a root for the Incredible is right around the corner, and for those who just can't wait, there's always that option. I will probably root mine once I start getting a little bored with it. I realize people will bitch about this one, but supposedly Froyo is going to address some of the fragmentation issues.
4. The built in music player isn't as nice as the iPhone's, and I'd rather have one device in my pocket than an iPod and a phone
I think this argument is a little overplayed. What's a music player for? Answer: to play music. The one on Android does just that. Nuff said. And if you don't like it, go find another music player in the market. I really don't get where people get off on this argument.
5. The narrower screen than the iPhone makes typing on the keyboard more difficult (but I hear the sense keyboard's pretty good and you can type fairly well - but do you see how small that spacebar is??)
Umm... ya. WTF? Narrower?
6. Lack of games - the iPhone kicks ass in this category so hard. The Snapdragon's GPU sucks compared to the iPhone's as well.
Could care less. If I want to play games, I'll turn on my PS3. There will always be tetris and a million other generics to play on every OS out there. I know there's serious iPhone gamers here, but Scrabble was about the most playing I have ever done.
7. No desktop integration. Managing the phone is a bit more of a pain when you don't have accompanying desktop software to help you out.
I actually think this is a plus for Android, not a minus. I don't necessarily want to rely on desktop integration. It's nice that I can plug in my phone and have it recognized as an external device rather than having to be on my own PC and hooked into my iTunes account. I guess this one comes down to personal opinions.
8. I feel like java on Android just doesn't provide as smooth of an experience as cocoa on iPhone. It's just a little bit laggier/jumpier, even with a 1 GHz CPU. See what an iPad can do with a processor that speed? It's outputting higher resolution and still the speed of the experience runs circles around Android. iPhone OS is just more optimized.
I think it's been shown on reviews how snappy the DI is. Pretty hard to argue that the newer processor won't be be smoother than a year old iPhone. I think the iPhone speeds are great, but I currently think that the new HTC phones are bit smoother. Probably won't last too long. And yes, the iPads are definitely super fast.
Despite all these things, Android has a LOT going for it, like nicer notifications, more capable multitasking, google voice, and the ability to pretty much install whatever you want. I just don't think it's quite up to the maturity of the iPhone yet.