Reuters inform: “Apple Inc.’s upcoming iPhone is shaping up as this year’s must-have gadget, but several perceived shortcomings are pushing some potential buyers to wait for an updated version. AT&T, the largest U.S. wireless provider, has an exclusive agreement to sell two version of the phone, priced at $499 and $599, in the United States under a two-year contract.”

“The new phone features a touch screen and combines the features of a cell phone, iPod, digital organizer and wireless Internet device. The phones will go on sale Friday evening at 6:00 p.m. local time across the United States in Apple and AT&T retail stores, as well as on Apple’s Web site.”