iPhone 3G: Keep trying, Apple.

Now that everything is official, it's time to look at what Apple has done. iPhone fans may disagree with the points below but they are made from the out-of-box perspective without warranty-voiding jailbreaking and 3rd party apps.

3G: A welcome addition, but still without a tethering option. 3G is nice on a phone but truly shines when it can be shared with a laptop.
Application Store: Okay Apple. You've made a token effort to get 3rd party applications into the iPhone but why stifle innovation by making them ONLY available through your store? Why are you taking 30% off the top for every sale in that store?

Price drop: This is one of the best things you've done with the iPhone. A $199 device is very compelling. At that price, the iPhone looks like a good secondary device as opposed to the normal gauntlet of an iPod touch, an N810, and an N95-3. Sometimes it'd be nice to just carry one device. However, Matthew Miller of The Mobile Gadgeteer points out that the iPhone with the matching AT&T data plan actually costs $40 more than the previous iPhone over the course of the contract.
GPS: It's nice to have location based services, but don't think you invented it. The N810 comes with a mapping application and has an upgrade option for turn-by-turn voice navigation. Why doesn't the iPhone have that upgrade option?
Enterprise support: Good work. There's nothing bad that can be said about this new feature - unless it bombs fantastically when put into real use.
Browsing: Still that same 480x320, 160 pixels per inch (compared to the N810's 800x480, 225 ppi) display. Still no Flash in the browser. While multi-touch zooming helps make up for this, constant scrolling is no solution for full page reading. Keep trying.