Ummm...you do know this is Nokia we're talking about here, right?
You know, the company that makes SMARTPHONES like the award-winning N95?
You know, the smartphone with built-in GPS, wi-fi, VoIP capability, standard USB for data transfer, Safari-based webkit browser, etc?

Again, really comparing the iPhone to the N800 is an apples to oranges comparison since the N800 was NEVER intended to be a "smartphone".
If anything it's more of a technology demonstration platform.
I expect further revisions down the line to have even MORE capabilities, particularly now that it's been chosen as a WiMax-enabled platform for Sprint in the US.

Looking at the iPhone I can see it makes phone calls (about 6 taps to do it though) and browses the web (hmm..no Flash support).
It can't do native YouTube, it can't do VoIP, it can't do Skype, it has no SDK for it....hmm...what's so damn special about the iPhone again?
Oh yeah, that "innovative" touch screen and flicking/pinching action. I call those "gimmicks".
Yeah, call me when 1 Apple Way, Cupertino CA releases a free SDK for it.