It doesn't have the stretchable screen that Aatma Studios predicted, which was supposed to let the new iPhone double for the iPad Mini. Nor does it appear to have the new security option - the one where the iPhone will self destruct if you type in the wrong passcode too many times. And the new iPhone isn't even transparent like the one in that commercial, or ultra thin with a projected keyboard like Aatma Studio's demo unit.
Quite simply, folks, Apple fell down on the job today. This is clearly a company that is past its prime. And that's going to be bad news for Samsung, because where else will Samsung get all their new ideas?
I don't know if anyone agrees with me, but I suggest you watch these videos. Once you do you'll understand my disappointment.