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According to an engineer who worked on the network/radio for the iPhone, there's a good reason Apple didn't have 3G in this iteration of the iPhone. He says less than 1% of Cingular customers have HSDPA capability—it's only available in a dozen or so markets. Plus, the engineer says the target users wouldn't know the difference anyway. Great confidence in the consumer, even if it's sorta true.

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BUT, and this is the most important point, Apple's already designed a 3G version that's "in the works" with the FCC. 3G lovers may want to hold out for iPhone version 2.

Thanks Jon-Erik!