wired.com: IPhone First Impressions: Not Worth The Money

"The camera isn’t bad either and even does reasonably well in low light situations, though the images are only two megapixels so I wouldn’t expect to them to look all that great when enlarged.

The other small widgets all work just as you’d expect, weather, stocks, maps and more are all easy to navigate and work quite quickly so long as you have a wireless connection.

Turn off the wifi and revert to AT&T’s Edge network and you’ll find yourself seized with an uncontrollable desire to do this.

Final verdict: There’s no denying the wow factor, but overall the iPhone isn’t worth the money. For $300 I’d give it the thumbs up, but at $600 you’re better off with something else for half the price."

http://blog.wired.com/gadgets/2007/06/iphone-first-im.html