It's a cell phone, it's GPS from the most popular GPS manufacturer out there, it's an MP3 player, it's a web browser over WI-FI!!! A camera with geotagging - what isn't it?!
$99 for new 2 year contract, $175 for upgrade. On ATT's site - the price is much higher. (but there's an iPhone upgrade for $50)
Yes - I want one. No - not buying yet. :-(