[Andy A.]

Non replaceable battery.

No high speed wireless data.

No third party development.

Seems like apple is up to it's old habits of not playing nice with others, locking you into their products and having to upgrade frequently.
Battery is toast? Upgrade.
Want to surf the web quickly? Wait a while and you'll be able to upgrade to a 3G version.
Want Outlook on your phone? To bad, it's an Apple. Go play with a widget and find out the what the weather is going to be like.

The only thing the Iphone does well is serve as a status symbol, till everyone else has one. Then it becomes an expensive cellphone with terrible battery life.

-Andy A.