You are in the same delema I am. The Optimus S is getting OUTSTANDING reviews every site I go to. 5 out of 5 stars. I have not read a bad review about it yet. Has a 600ghz processor, but from what people are saying it is plenty fast, and the 2.2 is a plus. I held one in the sprint store today. Very nice. Has the feel of an iphone. The transform however has the front facing camera, which is one of the main draws I have to it for the video chat function. The video chat is very choppy, slow and useless to hold a conversation with anyone. I am hopeing that 2.2 will make it WAY better as far as the video chat goes. 2.2 will also open the transform to other video chat apps as well. Everyone is saying though that the Optimus is a home run, and a solid good choice for an android phone. If the Transform doesn't work out with the video chat I will be trading for an Optimus.