Just got mine this morning at about 7:35. Waited in line from 4:45, they made 2 seperate lines (One reserved and one not) and were letting people in from the non reserved line even though they lined up around half an hour after us...but I got my phone in due time so it's all good.
But the phone itself is awesome, very fast, much faster than the second gen iPod touch. Apps load way faster, especially the larger ones. Safari is smooth as silk. The camera is also pretty sweet, video is nice quality for such a tiny lens. Compass is a nice feature, the compass app itself seems to be a little finicky at times, but the rotating google maps is great. Overall I'm very impressed.