I'm assuming WiFi will be similar to iPad, which is disappointing, but not as disappointing as my iPhone 3G.
The iPhone 3G seems capped at about 5mbit/sec. I know the 3GS does much better.
The fastest I've seen on iPad is 22 mbit/sec, while I have seen 30-40mbit/sec on my Mac and Linux systems. 22 mbit/sec is fast, but it's still disappointing that I can't use all the bandwidth I have available.
I should qualify that I'm testing using SpeedTest, which is not a legitimate WiFi test - testing really should be done against a local server, but I dunno of any iPhone/iPad app that will do that.
Absent a real LAN speed test, the best you can do is time downloading a file from a computer on your LAN. That's dicey, though, since it would depend on some filesystem app, which might have it's own speed issues, protocol overhead, etc.