I'll allow this picture to speak my mind:
But seriously, considering what other things are on the market atm, bad choice.
It's not that I'm against Apple (though I don't like what they do) for any irrational reasons, but I look at the current market and see better things, unless you've already bought heavily into the iOS ecosystem. If not, you were probably best looking around.
There's not really a lot iOS can do that Android can't (often for free or at least cheaper), the beauty of Android is that you're not locked into one phone, there's many to choose from which transfer your apps across should you get a new Android after another. With the iPhone, you're stuck with whatever Apple deems to be good, rather than given choice, which is what I personally am about.
Couple of Alternatives:
Samsung Galaxy SII
HTC Sensation
Nexus S
Motorola Atrix
LG Optimus 3D
Heck, with Mango out now, even Windows Phone 7 devices are a compelling offering:
HTC HD7
Samsung Omnia 7
But as with many other Apple products you pay the huge price premium for two things only:
Build quality with aluminium and glass (that honestly never inspires me with much confidence anyway)
The name