It seems to me there is more "hype" in the Iphone and more "density" in the IT.

Meaning

- The Iphone is presented a a cool mix of everything (Ipod, Phone, Internet access ...) , including a fashion item, that aims at pleasing - rather well - the consumer satisfaction, but in a centered way. No modularity.

- The IT is an elegant platform focusing (hence the name) on Internet based applications, with a lot of evolution potential, aiming at becoming the node of a modular organization of our IT lives.

Personally, I think the IT concept has an advantage, because one can always leave it at home and keep the modules in one's pocket ( a cell phone, a camera, a pen). One can't with the Iphone (or invest in a second phone, back to square one).