"More Features = More Clutter = More Features that you will not use"
The "G1 : iPhone :: PC : Mac" analogy seems to hold well, with one major flaw - that a PC (reduced to an appliance these days) did not have to be cool...but it's imperative to have a mobile device that is, especially in the smart-phone world where people are willing to actually spend for a phone and pay a hefty monthly Internet fee.
Apple, with the iPhone has got everything right and all that it will take to keeping the winnings from this round is another $50 price cut right in time for either this holiday season, or the next summer.
Coming soon in an Apple store near you: iPhone in 3 different metallic colors - green, blue and pink!
P.S: Google founders should stop trying so hard to be cool. They made an entry on the stage on roller-blades. Seriously, unless the roller-blades had GPS tracking balls that accepted directions, who cares!