The full specs:
Screen size: 3.5 inches gorgeous touch screen
Screen resolution: 320 by 480 at 160 ppi enough for widescreen (16:9) viewing
Input method: Multi-touch
Operating system: OS X nuff said!!
Storage: 4GB or 8GB could replace your ipod.. yes
GSM: Quad-band (MHz: 850, 900, 1800, 1900)
Wireless data: Wi-Fi (802.11b/g) + EDGE + Bluetooth 2.0 not only 3g but wifi!!!
Camera: 2.0 megapixels support print-quality photography
Battery: Up to 5 hours Talk / Video / Browsing, Up to 16 hours Audio playback
Dimensions: 4.5 x 2.4 x 0.46 inches
Weight: 4.8 ounces / 135 grams
supports full QWERTY soft keyboard to easily send and receive SMS messages
iPhone will be available in the US in June 2007, Europe in late 2007, and Asia in 2008, in a 4GB model for $499 (US) and an 8GB model for $599 (US), and will work with either a PC or Mac.
The bad but not so bad...
iPhone will be sold in the US through Apple’s retail and online stores, and through Cingular’s retail and online stores. Several iPhone accessories will also be available in June, including Apple’s new remarkably compact Bluetooth headset.– Jason Chen
Yes, the iPhone is a Cingular exclusive and locks out more than 100 million wireless users who prefer Verizon's network, Sprint's prices, or T-Mobile's customer service.
Case in point: One Mac-friendly PC Magazine editor I know said, "Damn Verizon to hell!" when I mentioned the iPhone to him. Translation: He wants the iPhone. He needs the iPhone. But he isn't willing to give up Verizon's superior coverage in New York City for it, and I don't think many other people will, either. -pcworld
iPhone Product Page