Movable (virtual buttons)
Multifinger gestures
No hard buttons
Runs OSX
Includes desktop applications - calendar, itunes
iTunes syncing - video, music (plays both)
3.5", 160 pixel per inch screen(!!!), widescreen
2MP camera, iPhoto application & syncing
proximity sensor - turns music off as you bring it to your ear
SIM Card
Auto-tells if in portorait or landscape, adjusts any app you're in accordingly
Cingular-only? - GSM+EDGE
11.6mm thick
iPod (dock) & headset connectors
Visual voicemail - choose your VM
New contacts list setup, sort of like a Dashboard application
wifi, bluetooth
Conference calling - just touch to add callers
Multiple session SMS
Simple actions like "pinching" to make pics & websites bigger & smaller
Safari web browser - shows full webpages, view multiple pages, switch between pages
E-mail - IMAP, POP3
Google Maps (incl. Sat. imagery) - keeps track of where you are, can tell you the closest things (ex: starbucks) to you
Widgets (Dashboard)
"Today we are announcing Yahoo will offer free push-IMAP email to iPhone customers. This isn't just IMAP, this is push-email, same as a BlackBerry.""
Yahoo Go / Yahoo One search - yes, they have both Google and Yahoo on this device (in fact, the Google CEO is on stage right now and now the Y! one is coming up)
5 hr battery for talk time, 16 for audio
Tiny "pencap-like" bluetooth headset available.
Involves "over 200 patents"
4GB - $499
8GB - $599
Cingular Exclusive in the US. Worldwide by the end of the year.
Available in Cingular and in Apple stores in June, 2007
Photos:
http://www.macrumorslive.com/photos/
Updates, January 16:
iPhone will have:
full JavaScript capabilities
Flash - maybe
"pinch" 2-finger control can zoom in any application
Calendar/ et al allow for events and such to be added directly to the phone, not just via computer sync
Modes such as "Airplane" mode that disable the cellular signal while allowing the rest of it to function
No GPS
HSDPA (3G) "to be added as it becomes more widely available"
More iPhone models promised
Update January 26, 2007:
Rogers Wireless has been selected as the exclusive provider for Canada.
CNBC is reporting that Cingular will give away 18 months of service
FREE to iPhone owners. *RUMOR ONLY*