June 27, 2007 | posted by Michael Baxter in IABN |

We know what you are thinking. Never mind analogies with 1929, the rate of interest, and the FTSE 100. What about the iPhone?

Apple is about to launch the most hyped product of the year, perhaps the most hyped product of many a year. But is it worth the hype?

So far reviews have appeared in all Street Journal, The New York Times, USA Today and Newsweek and it’s a thumbs up.

Comments ranged from a “on balance, a beautiful and breakthrough handheld computer” to a “glitzy wunderkind…worth lusting after.”

For the product to live up to its hype Apple boss Steve Jobs would have to do little less than walk on water, a feat eagerly anticipated by Apple aficionados.

But, assuming Mr Jobs fails the walking on water trick, others may settle for the following three things. That the virtual keyboard works like a dream, that the battery life of the product is satisfactory, and the internet access proves to be a hit for the non-geeks.

The iPhone is really three in one, that’s the father product, the mobile phone, the son - which is the iPod, and the holy bit comes in the form of full internet access.

We are now only days away from discovering whether the miracle is a reality.