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Love mine (1st Gen on Orange) As long as you know it's short comings and are happy with them then it works better than anything I've tried. Had Nokias for years and loved them and had a Blackberry Pearl from work, but this just works!!! What it does, it does very well.
I have video on it via a third party app, camera pro from a third party app, and to be honest, I have a Casio Exilim card camera for parties 10MP, thinest camera in the world. I also have a Nikon D80 for my arty photos so I don't need a great great on the phone.
I have three Email accounts on the iPhone, two for my business, it's superb. can't have that on a blackberry.
You can read Word, Excel, Powerpoints and PDF's etc and I have 5 movies on there at the moment due to the wonder of Handbrake, as well as videos of my kids playing etc.
I am pretty annoyed with the IPhone. It cannot do some of the basic things a normal mobile phone can. For example, my IPhone will not accept multimedia messaging, it will not record video on its camera and I cannot figure out how to send stuff with bluetooth, if it can?
Well, there is a new update, 2.2, I wonder if this will help because I am on 2.1 at the moment.
^^^ If you jailbreak it, you can use mms and record video. However, the iPhone can't send and receive files using bluetooth. However did you not know this before you bought the phone? A small bit of research would have highlighted these problems very quickly indeed.
I went for an internal interview at work the other day and the recuiting manager was late sending the full job spec out (word doc). I got the JS 45 mins before the interview so i sent it from my Blackberry (which wouldn't open the doc) to my iPhone which would. managed to think up some nice questions and got the job Priceless
The shortcomings dont bother me really (well not being able to forward Texts does - i was joke central) but MMS i dont really care about - i send them by email now.