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Rational Geekery - The iPhone is not a revolution in computing:

…who is going to use a handheld device for production? No photographer I know is going to use a handheld for Photoshop. No accountant is going to build spreadsheets on his cell, and no writer is going to tap away anything more than an email or blog post on a mini touch-screen. Yeah, we may use smart phones when on the go, but they’ll never replace a traditional PC. Let’s also not forget that the iPhone can’t multi-task - a fundamental characteristic of the modern computer since the Amiga. Developers are already arguing that this drastically limits what they can do on the device.