Ok, so maybe the title is a little unfair. The iPhone does look quite cool and sounds like (no pun intended) it has some cool features such as the 'Pinch' feature that you can use to zoom into a webpage. One concern is how thin the device appears to be and therefore potentially fragile although I'm guessing that Apple will have learnt from the issues that it had with the original Nano.
Anyway back to the good bit. Microsoft Office 2008 for Macintosh! See links for details of the announcement from Macworld Expo.
Link to Mac Users To Get New Office Suite For Intel Macs - News by InformationWeek