If everyone wants something,...
Don't know about "everyone" or even "the youth", but it is my impression that there is indeed a significant group of people who are fed up with the iPhone. Problem is, they don't like Android, blackberries, Meego, or W7, either. They all suffer from some subset of these severe problems: closedness, privacy/security issues, poor performance, poor build quality, poor battery life, being dead.
All in all, I don't think any of the above systems has won the race. Even a completely new player still would have a chance in this market dominated by mediocre offerings.