MMS? Check. Stereo Bluetooth? Check. Copy/paste? Check. Headphone jack? Check. Physical volume buttons? Check. Camera with flash? Check. Physical keyboard? Check. Exchange support? Check. Multitasking? Check. Wi-Fi? Check. Multitouch? Check. GPS? Check. Removable battery? Check. A decent web browser? Check. Decent looks? Check. Good UI? Check.
No obvious glaring flaws exist - admittedly it's missing video-calling, but I doubt many use it, and battery-life and price are still up in the air, but so far it looks pretty damn good. The fact it's CDMA-only and carrier tied is a bit of a shame, but they say a GSM version is going to appear in the rest of the world. One concern is whether applications will be developed for their platform, but that remains to be seen. I think the UI is above and beyond the iPhone's in many ways - the task switching and general lack of clutter is amazing and the cards analogy is inspired. The whole package just seems fantastic.