Well, I have an iPod Touch, got a 16GB for $400 last year, and while its not an iPhone, it is very similar, and in my personal opinion it was not worth it. Yes it's a cool little device, but the majority of what I use it for is music, and it's nearly full. I would have been better off with a video, which could store more and cost less.
Anyways, I have no problem carrying a phone and my ipod, my phone in fact has a better camera and comes on a better network.
So I would say the PS3 would be the more valuable purchase, unless you have a strong need to view webpages on the go.








