iPhone: Data included ..but not 3G

One of my quibbles about the launch of the iPhone on O2 was the lack of a decent data plan. According to engadget unlimited data comes as standard, so that is one of my objections dealt with, however it is finally revealed that the European version (like the US version) won't be 3G either. So, would I now touch it with a bargepole maybe a very long one, and rather tentatively.

With the talk of a 3G iPhone in 2008 I may consider it at that point, but until then I will stick to the N95.