iPhone is here...(revised)

Steve Jobs announced the new iPhone at MacWorld today.
Its pretty epic.

I got to see several news reports on the new iPhone and honestly, it looks a lot bigger than the pics that Jobs shared at the conference. Also, whats up with an exclusive deal with Cingular through 2009?

Being a tech junkie, i can see myself getting one. Like the ipod though, I can see myself waiting to see how at least the first generation of them work. I am confident that apple (no longer apple computers) has made a quality product, but there has got to be some kinks...no?