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The iPhone is born from Apple and Motorola's Alliance. He's simply a white Motorola E398, like Cupertino's iPod, with a embedded version of iTunes Music Store. The iPhone has 555 mb free storage, and can transfer one hundred of AAC music files (used by the iTunes Music Store).
iPhone's interest is the price of one music on the iTunes Music Store : 0.99€, when a lot of operators is selling 2€ or 3€ one music. We may be see a opening of the music sell for the mobile in a few month.
The iPhone may be come on the market July, 7, 2005, because Apple had convened all the press this day.