Google phone is a new competetor for iphone and it has all the features avilable with iphone plus a full qwerty keypad hidden beneath and track ball!
Features:


Touchscreen - You can swipe across the screen, use a long press to access more features, drag-and-drop
Music - one-click ordering from Amazon confirmed
Music player is built in - one long press lets you access more features, like song options
Gtalk IM included
Address book can take you right into Google Maps
Google Maps: Directions/Traffic View/Street View; can do panning in Street View thanks to the touch screen
In "Compass Mode" the scene moves as you do
In the web browser, there are onscreen controls to zoom in
You can open multiple web pages in Google's browser
There's a search button on keyboard
A long press lets you share a link (URL) from within the web browser
For apps, there's the Android Market, complete with user ratings and OTA downloads
Pacman!