iPhone!

Apple finally made public the iPhone. The past 6 months have shaped up to be the highest profile mobile phone launch ever, and Apple has conjured up an amazing amount of buzz for a device that only a handful of people have actually held. While the early adopters are busy waiting in lines across the country to be the first iPhone users, others are busy betting on what bugs will be found.

AT&T came out in support of its EDGE network today amid heavy criticism from the first round of iPhone reviews. The combination of a "2.5G" data technology and a HTML/CSS compatible browser can mean some heavy wait times (expect about a minute to render a complex page like nytimes.com). Most phones, even many inexpensive models, from competitors Verizon Wireless and Sprint ship with 3G data support.

Apple has not announced how many units it has on hand, but analysts believe it's around 3 million. It is said that Apple has "built factories to build these things," so the supply may not be an issue despite the lines outside stores. Apple employees are set to get free iPhones starting in July.

After getting a chance to sit down with the iPhone, our first take is that it's a big step forward in the industry and should help force all the major players in the space to focus on software and user experience. There are a number of serious limitations with the iPhone However, it's a solid first try and we are excited to see its revisions in the near future.