5. Reception issues and rumors – I held my iPhone up with someone else’s 3g and mine had 5 bars and his 3g had 2 bars. Mix that with rumors that this could be a known issue and Apple possibly holding off on replenishing stock until “this” is fixed.
4. Peace of mind – The longer I wait, the smaller the line will be when I head into a store to buy one.
3. Protection – The case that I want for it has not been released yet. I NEVER NEVER NEVER carry my iPhone naked. I did once as an experiment and I most surely dropped it.
2. Battery performance – All kinds of reports are coming in about the battery life of the 3g not being up to snuff.
1. First Gen Quality – I can do everything I need with my first gen iPhone. The only benefit I personally see for myself in the real world is faster speeds on the 3g network.