Let the hive mind of Engadget get that for you.
"I'm in the market for a new phone and money isn't a limitation. I'm also not partial to any particular US carrier, but here are some of the features I'd like to have: WiFi, GPS, good coverage in lots of places, push Gmail (a must!), physical keyboard (a must!), a touchscreen, decent battery life and a relatively slim body. And please, nothing that has a fruit logo on it. No offense to the fruit fans, though. Thanks!"
Guess it's not "just the internet, on your phone" after all. The commercial emphasizes it to be EXACTLY like the computer, but in your pocket. Nothing missing, nothing watered down.
And yet, tons and tons of websites will either not work at all, or have huge chunks missing due to no flash.
False advertising!