first impressions : Android (Google Mobile)

So how does Android stack up against the only other "innovative" mobile system - the iPhone?

It looks like the iPhone still has a leg up in overall, design, but there are some nice teaser shots in this video that I would like to see Apple build into their next firmware update, namely:

• SMS alert previews
• Google street view
• 3G
• True 3D capabilities
• A 10 Million Dollar Developer Reward/Bounty

But I'm not an iPhone owner, yet.  Did I miss anything noteworthy here?