Apple Computer is now Apple, Inc., and this may be the coolest piece of hardware, ever.
The iPhone's price point is steep ($500 or $600, depending on how big you want it, memorywise) but will come down as the edge stops bleeding and the device goes mainstream.
A phone, a music and vid player, a web browser. It's not the bundling that's important; the package is bound with a touchscreen version of Apple's OS X, so the interface looks like something you can actually use.
It will be summer before the thing is sold. If it works and doesn't break, it'll be the must-have gadget by year's end. Just look at it.