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The iPhone is an impressive piece of gear: a widescreen iPod, an innovative cell phone, and an OS X computer with full-fledged email (including "push IMAP" a la BlackBerry) and web browser. Apple is partnering with both Google and Yahoo! to provide customized content for the device.
Even though I can't use it for awhile, I have to say I'm impressed. Jobs didn't need his fabled Reality Distortion Field today. The iPhone is plenty spectacular enough as it is.