Some say it is the best phone in the world others say it is the best portable media player ever, what we all know it is one of the greatest mobile phones ever created.
It features a revolutionary user interface based on a multi-touch display and software that lets you control everything with your fingers.
When he announced the iPhone, Steve Jobs said to expect three things: "an incredibly great cell phone," "the best iPod we've ever made," and "the Internet in your pocket." Yes, the iPhone is the best iPod ever, interesting thing is it not called iPod!

Here follows the iPhone specs:
Price As Tested: $499.00 - $599.00
Music Playback Formats: AAC, AIFF, Apple Lossless, Audible, MP3, WAV
Megapixels: 2
Storage Capacity: 8 GB
Video Formats: MPEG4
Video Recording: No
Audio Battery Life: 24 Hr
Dimensions: 4.5 x 2.4 x 0.46 inches
Player Type: Flash MP3 Player
Radio: No
Recording, Line In: No
Bluetooth: Yes
Bands: 850, 900, 1800, 1900
Camera: Yes
High-Speed Data: GPRS, EDGE
Operating System: Mac OS X
Network: GSM
Service Provider: AT&T Wireless
Web Browser: Yes
Screen Details: 160 dpi LCD display
Screen Resolution: 480 x 320 pixels
Screen Size: 3.5 inches
Special Features: Music
Video Battery Life: 2.8 Hr
Weight: 4.8 oz

Pros: Fun new interface for navigating multimedia. Huge screen looks amazing. Terrific Web browser. Syncs well with PCs and Macs. YouTube function is great. Functions flow seamlessly into each other. Built-in speaker for voice calling and music. Styling. Touch interface. Versatility.

Cons: Poor business e-mail and PIM connectivity. Bad audio quality on phone calls. Tons of "GSM buzz" on nearby speakers. Virtual keyboard hard to type on. No phone functionality with iPod speaker docks. No FM radio. Price. No spreadsheet, word processing. No applications can be added.

Conclusion: As an entertainment handheld device it is a champ but as a voice phone and a messaging device, it's not that great.