Here’s the coverage:
http://www.engadget.com/2007/01/09/live-from-macworld-2007-steve-jobs-keynote/
But the juicy bits:
GSM phone, SIM based
Bluetooth
Wifi
GPS
2MP camer
HD Video (widescreen)
syncs with mail, itunes, iphoto, google maps, etc etc etc
only one button, meaning interface changes depending on the app. whaoh…