As the post says, I absolutely love my iPhone... But this is a good list of wishes for the next update. Some of them are unlikely -- the ring tone issue is apparently a dispute about whether AT&T is going to make money on selling us the right to have our songs as ring tones... but all of these should be on Apple's list for the next rev:
http://www.willotoons.com/2007/07/wishlist-for-iphone.php