I agree with the missing features list making this a serious disappointment from a company known for bringing innovation.

Unless you have vision problems, there is no reason to buy this over a regular Touch or iPhone.

True it will cost you half as much in data and contract fees over a two year period, As calculated here, but that is because it does not have a phone. If you are OK with no phone, then get an iPod touch, then you have zero costs after purchase.

With great power comes Awesome irresponsibility.