I was very disappointed when Steve Jobs didn't announce the iPhone last month, when he announced the iPad. Was I going to purchase the iPhone? Probably not. I just would have liked to have been able to look forward to having the choice. You see, even at that time, I knew the N1 was supposed to be coming to VZW. I heard that it was a superior phone so I was looking forward to learning more about it.
The next stage of my techno pilgrimage included all of the terrible reports I had heard about the N1 (no multi-touch at the time (now it's there but it has problems for gamers), support issues, problems with the 3G connection (some said it was the antenna placement) and not family plan upgradable.)
It seemed to me to be the deal killer. Should I purchase a phone, as wonderful as it sounded, that came with such baggage and no VZW support?
Then came the Incredible rumors. It sounded like a great phone, but it was under-clocked and it only had 256 mb of Ram. *sigh*. Was it a Droid Eris mid-level replacement?
Then came NDK to tell us the ram was 512 mb, and when I asked him, as an aside, he dropped the bomb...NO RED BACK!!! Wow! The phone started to sound better to me! He said a lot of other things which are filed away somewhere. Okaaaay...this phone sounds red hot!
Then along came Stericson who said that there is onboard ROM in addition to a miniSD slot!!! No multi-touch issues like the N1, the sound is good, ans the speaker is good! (of course, you have that 8 mp camera!) Ok.. .this phone is smoking now!!!
All of this leads me back to the iPhone. With the specs of the Incredible being so far advanced, why would I want to go backwards to get the iPhone, I ask myself. Would I get it to be cool? No, that's not my way. I don't need an iPhone to be cool.

Would I want it for the huge sofware store? Meh..android's is fine.
Hmm... someone help me here. I can't think of a reason why I would purchase an iPhone when the Incredible is such a super amazing phone.
So.... it doesn't matter to me. I'm choosing the Incredible over the N1 AND the iPhone. Incredible is a win-win mini-computer/phone.
Just my musings.