does that mean I can put programs on it. Like Photoshop or Illustator???
it will be sold on a friday.
worshipped on a sturday
cracked by sunday
by monday it will link to apple tv wirelessly to sync your iphones content
tot.v using its built in wifi.
3rd party apps will be available by tuesday.
On wednesday it will be cracked to run a full blown os x.
By thursday it will have game emulators and you will be able to play
ipod games and nes etc on it.
By friday talksw of v2 will arise and back to your regular scheduled program.
While I do expect people to hack the iPhone, it does make you wonder if you'd be gaining customizability at the expense of, say, mobile phone access from AT&T...
Everybody else pointed out the technical problems with this idea, but don't forget that Apple has already said there won't be any 3rd party apps for iPhone.
This is how it's going to be. First of all, Apple doesn't just want some average Joe developing software for the iPhone that Apple can't ensure will run properly and not affect system performance, battery life, etc. Call it what you want, but this is how it is. Apple will distribute any new apps, through the iTunes Store. Third parties who develop software, will submit it to Apple for approval. Once tested and approved, Apple will then allow it to be downloaded from the iTunes store. This is not to say that all applications for the iPhone will cost money, but it will give developers the option. So right off, Apple has control of the entire process, ensuring things go smoothly from download to use.
Although it may seem like this makes the process annoying and cumbersome, Apple won't have it any other way. People who want more out of the iPhone will either not buy it, or hack it, and Apple can only refuse support to those who void their warranties by doing this.
That is what will happen, in my opinion.