personally, I've been asking for the FM for a loooong time now...
Yes, I STILL listen to FM Radio, because, you know, there are iPhone users OUTSIDE of the USA
😱 and Pandora only works in the US.
AND for the people inside the US, not everyone listens to Pandora, or they just don't have enough coverage, or idk, they have a show they like to follow every now and then on a local FM Station.
When I saw Apple introducing the FM Tuner (w/ Live Pause & Tagging) on the iPod nano last September I was so excited because I knew that they were gonna put it in the next iPhone!
😀
and this goes for the OP, obviously I agree with you about having FM built-in. But, this was not the time to put it in, as it is a Hardware Upgrade, and yesterday was a Software-driven event...
So, don't lose hope, because we have

WWDC!
😛
CAN'T WAIT FOR iPhone HD!!