I've been talking about the iPhone for about as long as the rumors have been flying. I hoped and hoped for the iPhone from Apple, and now they have announced it.

For those of you still not in the know, the iPhone is revolutionary enough to turn the entire cell phone industry upside down. Apple is really pushing the envelope here and other companies will have to adapt or die. It's available on Cingular only (or will be in June) and I see a mass exodus of people who want the new phone. One need only visit the Cingular or Apple website to know what I am talking about. This is the hottest phone, iPod, mobile internet device - EVER, PERIOD. Just ask RIM or Palm, whose stock crashed after the iPhone announcement.

However, I can foresee a few reasons NOT to buy the iPhone. In the words of The Little Mermaid, "I want more." For starters, the revolutionary device comes with last generation's wireless technology - EDGE. This was a major disappointment. I want high speed data, and I want it everywhere. Samsung has been on the ball with 3G data implementation, but for whatever reason Apple has decided against implementing it. They do make some concessions, like the inclusion of 802.11g wireless, which is pretty hot, but not as good as having HSDPA data service in my opinion.

The other reason not to buy the iPhone is Apple's notorious problem with first generation products. It will be more expensive, have less features, and be generally less awesome then the second generation iPhone. The second generation iPhone will no doubt have more memory, 3G data, and less bugs then its older sibling.

Okay, the phone is hot enough that I might just buy one in June anyway, despite the flaws I know it will have. I hate the idea of having to wait even until June to replace my aging and incredibly craptastic Treo, let alone waiting until iPhone v2.0 which probably won't be out until the fall (I anticipate a quick update since it's such a hot product).

It will be interesting to see what the other smartphone companies do to try to keep up.