Apple Iphone.. Like it ?

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This is a cool new product in the gadet world. I was waiting for it for a log time . Initially had lots of things on my mind but the product is even better than what i thot . the cool new pinch technology is amazing. the whole look and feel of the fone is awesome and really i jus cant wait to have one for my self. Plus the 4 or 8 GB Ipod is also useful that too with a seprate battery so no hassles . What do you guys think about it ? will any of the other product be able to compete with this? Also the price is not too high $499 and $599 for 4gb and 8gb respectively.