both hv pros and cons but iphone has more cons than the touch

iPhone lacks a number of other handheld features that have not already been mentioned and are common in competing devices, including voice dialing, voice recording, instant messaging, a memory card slot, MMS, tethering, A2DP, common Bluetooth file transfer (OBEX), GPS capability, copy and paste, native games, support for MP3 files as ringtones, and it can not even film video. it lacks 3G, HSCSD, HSDPA, and it can be HACKED. other people can take control of this phone!
How usefull are its fancy features such as acceleremeter for auto-rotate? not very. are you going to rotate your phone all day? it has a touchscreen keyboard slower than an actual one. there are other fancy features it lacks, TouchFLO, VueFLO, Drag and drop, Vibetonz, handwriting recognition.
all music and videos must be loaded from itunes, so you just lose even more money (iTunes + iPhone = iProfit)

http://cornellsimmons.blogizy.com/2008/08/03/which-phone-is-way-better-the-iphone-or-the-htc-touch-phone/