haha i remember when i got my touch and was horrified when i saw the sensor dot, quickly learned what it was. thank goodness i got my iphone after or else i'd have been pissed at the 3 dots
2 of them are proximity sensors. (turns off the display when held up to face) cause you know, 2 is always better than 1
1 of them is an ambient light sensor to adjust the displays brightness depending on it's environment.