My new toy arrived today, after six days in transit from China. And it's very shiny.
The display is, as expected, very very nice indeed, and I suspect that I'll end up doing all my reading on the phone rather than using the iPad when at home. It's the best computer display of any kind, but I fear it will take a while until they can make one big enough for an iPad (or something larger) at an affordable price.
It does have the grip of death -- if I grip the bottom of the phone, it goes from four bars to one bar -- but my old iPhone 3G does exactly the same, and I suspect most mobile phones are similar. It's just been blown up out of proportion.
Haven't really given the camera a field test yet, but the extra speed and the multi-tasking are nice to have.
For those who are curious, I got an unlocked one and will be using it on Three on pay-as-you-go. Except when out of the country, that should cost me about £5 per month (which will get me 150MB of data, 25 texts, unlimited Three-to-Three calls and £5-worth of other calls and texts). That makes the total cost of ownership over two years £310 per year, less resale value, which is substantially cheaper than buying one on a contract.