Funny thing was that it was announced an while before the Iphone, was modified when the Iphone came out (the best looking version) and at least once since then. Except for maybe an UMPC phone (Samsung, who also have Iphone like PDA device) it is the most desirable phone to me.
Apparently it is very real, but I would like to see if it matches up to this spec, as well. If they could include an descent 3D chip (really descent, PSP smashing, DX10 level) GPS and tilt/motion sensors, it would be excellent.
Metaphorically, it is amazing how Apple thinks it owns any style, where you have to squint hard at, to say it is similar. I don't see Sony removing those mobile phones, or those $10 game system, that look very like an PSP.