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It's not for me, would've preferred a dumbed down, full size iPhone. Perhaps with less memory, no front facing camera and a lower quality camera on the back.

However, I bet it will be very successful, and will appeal to a lot of consumers. Many have been waiting for a smaller, cheaper iPhone. Who knows, I might pick one up if the price of the current iPhone in the UK at £612 (that's the equivalent of $981) doesn't drop.

interesting. it may be too late for apple to recover market share.... as it is android is now almost as embedded in the consumer mind set as "cool" as the iphone is, especially verizon's "droid" line and all of samsung's galaxy s line.

edit: think about how the iphone launched on verizon... at my local best buy they were expecting 40+ people to line up before the store opened and all they sold on launch day were 4.....