Yes, the iPhone is way overhyped.  But then again, Apple does seem to appeal to pseudo-intellectual snobs with zero technical expertise, so what do you expect?  Quotes from Maddox's latest rant on the iPhone, in which he compares the iPhone to the Nokia E70.

"First of all, the E70 has a full keyboard, not some shitty stripped down, tap-and-pray smudgy piece of shit. Nokia uses a technology that's even more advanced than the iPhone's tap screen, allowing you to actually feel the keys you press as you're pressing them! The technology is called "tactile response," and it allows you to do things like dial a phone number without staring at your screen like a shit-chucking ape. In fact, every other cellphone ever made has this technology, sometimes called 'buttons.'"

"There's no such thing as an iPod. The word "iPod" is a marketing tool for a hard drive with software that plays mp3s. Yeah, doesn't sound so sexy now, does it you chimps? "

"The Nokia E70 not only plays mp3s, video, has a full browser and Wi-Fi, IMAP and POP3 email, and Google Maps, but you can even run terminal software to telnet or SSH into remote servers. What that means in non-geek is that my phone is invincible. I can literally do anything. I can reboot my web server if I want, and sometimes I do just because I can:"

(Yes, there are actually screenshots of Maddox using Telnet to reboot his server in the article.)