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Don't believe the hype. The iPhone still has some real shortcomings, especially as a business tool. So if you tell your IT manager you want to ditch your BlackBerry, expect him to hand you this list of iPhone shortcomings

The nation's No. 1 wireless operator has benefited handsomely from its deal to be the exclusive U.S. carrier of Apple's runaway hit. Since AT&T joined forces with Apple, the phone company has welcomed about five million iPhones onto its network and gained much-needed cred in the wireless Internet space. Its iPhone subscribers are less likely to jump to a competitor, and they spend twice as much on their monthly bills as the average wireless user.

A former ATM software designer for a large bank, Demeter created "Trism" in his spare time and pitched it to Apple last spring. The company made the game available for download with the July launch of its App Store, an online provider of applications for its iPods and iPhones.

Apple's (AAPL) iPhone 3G and the G1 with Google (GOOG) unveiled on Tuesday have a lot in common. Both are smart phones designed for users who want easier access to the Web than is offered by the current generation of RIM (RIMM) BlackBerries. They share a lot of features - high res (320 x 480 pixel) color displays, motion sensors, support for GPS and Bluetooth 2.0, and venues for third-party apps. And they share some of the same flaws - both are locked to their respective networks, both lack video recording capability and full cut-and-paste text editing, to name just a few.

When RBC Capital analyst Mike Abramsky downgraded his Apple rating on Monday - helping spark the sharpest selloff in the company's shares in eight years - he cited a survey that RBC conducted with ChangeWave that suggested that sales of Apple's hot-selling computers were cooling off. RBC's version of the survey showed that the percentage of technology consumers who plan to buy a Mac in the next 90 days had dropped from 34% in August to 29% in September, the biggest such decline in more than two years.

When grandkids ask their grandparents, years from now, "Where were you when you heard that MIchael Jackson died?" a surprising number of them will respond, "On Twitter." Or, on my iPhone, or my BlackBerry or my laptop.