Why dog it?
Can't help laughing at everyone who is putting this machine down... Left and right (or up and down), I am reading disappointments about what it lacks, and why they won't buy, or what's superior...... But strangely enough, they're all on here posting and lapping up every bit of iPhone rumor/fact.....lol. If I wasn't interested in buying a product, the last thing I would be doing is wasting my time, pouring through posts pointing out every flaw, and challenging a consumers' decision-making skill.
We all know there's no 3G. So what? That service does not exactly "blanket" the country as of yet, and I for one, would have better luck stumbling into a WiFi zone than 3G. Sure, the capability would be nice to have built in, but it's hardly a reason not to purchase. It's not a computer replacement AT ALL, nor does it promise to be. Having the ability to check a web addy at will is nice, even if it takes (insert dramatic sucking-in-of-breath) dial-up speed.
Lack of Multi-Media Messaging is a weird omission, but in the same respect, I have to wonder if my friends on their RAZR's could actually receive the 2MP pic I just sent anyway, although perhaps I am misunderstanding how it works. What I do believe, is that Apple will put out some sort of update to give us what we want. An auto-scaling feature to send the right size and the like. The iPhone's whole point of being button-less, is so it can be chameleonic anyway, right? Mr. Jobs spelled out that very fact when introducing it. It was meant to change as new features and needs, become feasible.
I never wait when there is a product out that they surely will be revising. I buy what I want, when I want. If a new version comes out, and sports a feature I simply can't live without, I will get it. Ebay is a beautiful thing, and more so, is handing it down to someone you know who is less fortunate. I
have never had a problem with any 1st edition

product I have ever purchased.
I hear a lot of people saying that they are going to wait 1-3 years until the iPhone is released for their carrier. Well, for this particular model, they'll be waiting
5.
I was under the impression that AT&T had 5 years of exclusivity. Unless they come out with a completely new model that is inferior to this one, or is a radically different model, T-Mobile (example) simply isn't going to get it. And, IMHO, I feel a CDMA type deal makes more sense anyway if it were to happen.
Bottom line, if you don't like it, don't eat it..... But please don't try to foil the early-adopters' excitement. It's been too long of a wait, and there's some edgy people lurking about.
(steps off soap-box)