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I Bought a Mogul, returned it bought iPhone, went back to Mogul then Touch and could not be happier.

iPhone does some things really well and some really bad.

iPhone pros (mostly because of the great screen):

Browser
Picture viewing
Music player

iPhone cons (with respect to Sprint Touch)

Using Blue Tooth headset was a Joke (NO Voice Comand like ability)
Like was stated above NO means of doing GPS Navagation (internal or external)
Syncing to PC was a Joke very limited
Still no official support for thirdparty apps
No tethering (I think a hack exists, but with slow network who cares even if you could)
Slow network speed
You may be spoiled with CDMA performance from Sprint, because AT&T (in Northeast anyway) was a joke (tons of drop calls an poor clarity in weak signal areas).
The GSM buzz drove me insane. Used to buzz car radio and computer speakers at work.
No insurance plan, you drop it, you own it.
Cost of ownership. After finding SERO plans it was a no brainer going back to Sprint. I currently pay $60.00 for two PDA phones (with nights at 7 and unlimited text). On AT&T that would cost something like $140.00. The SERO plans are so cheap phone costs ar in the noise. Turned out with all the rebates I ended up getting TWO PDA phones (Mogul and Q) for like $120.00. Then Sprint swapped Touch for free. There is no wireless company on the planet that would come close to doing that for it's customers.