More Info on the iPhone

The complete OS will be stored on the flash memory, but it takes up far less than 500 MB making it easier to install software or firmware updates. No iTunes downloads at this time, but don't rule it out because it may be added later. Cingular is most likely being a bitch about it. Sadly you will not be able to use iTunes songs as ring tones. Safari is said to include as many plugins as possible including Flash and Java (Awesome!).