Related to the inflated expectations over the iPhone, check out this thought-provoking Mike Elgan piece in Computerworld, which starts off:
Steve Jobs’ blockbuster keynote address at last week’s Macworld was brilliantly and powerfully delivered — one of his best ever. It was also a colossal mistake.
He goes on to make a pretty strong case for why making this announcement six months before shipping the product may have been hubris on Jobs’ part that Apple could pay dearly for in the marketplace. Barbie sez: “Corporate strategic planning is hard.”