Sean Fallon has a great comparison of the HTC Touch and the iPhone over at Gizmodo.com
I don’t agree with the conclusion he reaches at the end but that’s probably because I have an iPhone as my personal phone and still hang on to my Blackberry for business e-mail. If I were trying to stuff all the functionality I need into the iPhone I’d probably decide against it too (though if I had to do that I’d almost certainly get a phone with a qwerty keyboard which would rule the Touch out)
The thing that struck me the most though was how old the review made me feel. In the review he was going over all the software you can load onto Windows Mobile and all the tweaks you can make to bring it up to iPhone quality in most ways and to be honest it all seemed like a lot of work to me. There was a time when I’d sit for hours tweaking my newest gadget but now I’d just assume take something out of the box and have it work well from the get-go (even if a tweaked alternative could work a little better).
That’s not to say I don’t tweak at all I just find that I don’t have the energy to put effort into everything in life. I’d just assume leave the tweaking to projects that really matter to me and leave things like my phone, car, tv, etc… to the manufacturer.
(which is probably why I don't game on the PC anymore btw)