[citation][nom]mlcloud[/nom]Soon, we'll have to question the validity of purchasing an iphone/itouch outside of fashion reasons.Oh wait, we're already doing that.[/citation]
It hasn't even been worth questioning since the Motorola Droid came out. Want a smart phone powerhouse? Droid does.
The article doesn't mention this, but the huge boost to performance is due to them adding a JIT(Just In Time) compiler to the Dalvik virtual machine. So if you thought your apps ran fast before, just wait until they are running with JIT.