Exactly. The whole thing with the iPhone hype is great and made a really interactive phone. Horray for them. Only issue is that all the apps you see for Treos and BB and now iphone are built on development kits. The Android platform is completely open source and allows ANY aspect of the phone to be changed or modified. Combine that openness now of major networks like Verizon that allow any compliant device to be used and there is a lot of future for these phones.
As boardjnky4 said, its a platform, not a phone. You will see it on flip phones for the every day user, pda phones for the business user, and the trendy phones for the techies.