iPhone Will Offer 10,000 YouTube Vids
...YouTube has begun encoding their videos in the advanced H.264 format, and iPhone will be the first mobile device to use the H.264-encoded videos. Over 10,000 videos will be available on June 29, and YouTube will be adding more each week until their full catalog of videos is available in the H.264 format this fall.
Before this, Verizon had been the only mobile carrier making YouTube vids available on its phones. (AT&T is the exclusive carrier for the iPhone...for now.) Apple is only recommending that you download YouTube videos, though, when your iPhone is connected to a WiFi network, since download speeds when connected to AT&T's network will be slooooow.
And if all this iPhone hype is getting to be too much, here's the Onion on even more cool things that iPhone can do.