Looks good apart from the 1GB of RAM (way too freakin' small), 16GB HDD (again, are you kidding me? Should have been 32GB) and the price point. An extra $100.00? That's robbery.
Apart from that, it's pretty cool. Samsung has to be pissing their pants because the majority of their sales were in large part because of the screen size of their phones. Now that iPhone joined the party, there's going to a mass exodus.