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Cutting to the chase : Here’s a short list of about 7 features/capabilites that the new iPhone currently doesn’t have that might turn out to be annoying design flaws later on.

These range from the high cost (which will probably drop in a year or two), the reliability of Cingular as a carrier, no Wi-Fi syncing to iTunes (it could be done, this feature just isn’t in iTunes b/c there are currently no Wifi iPods), to a lack of removable memory (although with 8 gigs, who really needs it, although then it could double as a portable hard drive).

Most of these issues look like they could easily be fixed later on, especially considering that the important part of the design is the overall concept.  I don’t want an iPhone with wireless sync to iTunes if it doesn’t make good calls or I can’t afford it.

Read more about it here

http://arstechnica.com/journals/apple.ars/2007/1/10/6559

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Also, read a bit about how Apple, Inc. (no longer Apple Computer, because they do more than just computers) managed to keep the iPhone a secret for almost 30 months, while collaborating with Cingular, Google, and Yahoo.  Everything from fake patents to dummy designs released to the designers was used to keep its true design and identity a secret.

http://money.cnn.com/2007/01/10/commentary/
lewis_fortune_iphone.fortune/index.htm?postversion=2007011009