If you are going to feel sorry for iPhone owners, do it because of the price drop today - Apple's way of saying "fuck you" to early adopters.
Don't feel sorry for the million of us that have iPhones, though. They have combined a number of features we have been clamoring for and have done a damn good job of it. Honestly, the phone part of the iPhone is its best part. It is still the best phone I have ever used, even without features I used to rely on - such as the excellent voice dialing of the Motorola E815, Bluetooth synchronization, etc. To be quite honest, the iPod part of the iPhone is where it falls down - not able to manually manage music, not able to create new playlists even though there is a software keyboard, etc. SMS and calling features are pretty awesome.