Here's an interesting article about the line sitters waiting for the iPhone to arrive.
Here's an article critical of the hype which just adds to the hype.
This article makes a good case for how the iPhone could have been truly revolutionary but isn't. I like his suggestions, I hope someone takes them.
Update: Lileks live-blogged his wait for an iPhone (via)
To everyone’s stunned surprise, the black paper came down early, revealing a timer in the shape of an iPhone, counting down the minutes and seconds. We can see in the store now. Immigrants who got their first glimpse of the Statue of Liberty were less excited.