New Product: Apple iPhone

($499 for 4 gigabytes, $599 for 8 GB; With hip-hooray and ballyhoo, Apple CEO Steve Jobs previewed the much-anticipated iPhone at the Macworld convention. Combining a 3.5-inch widescreen iPod, a Wi-Fi-enabled "Internet communications device," and, oh yes, a cellphone, it also includes a 2-megapixel camera. Everything is controlled by a touchscreen - "the most revolutionary user interface since the mouse," says Jobs. Cingular is the exclusive U.S. carrier for the iPhone, which is due in June.

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