The most important feature is the iPhone multitasking which has been greedily anticipated for over a year since the iPhone 3.1 release. I wonder if they will have a new iPhone with the apple CPU A4.
Notable features:
• Multitasking.
• Spell check.
• Bluetooth keyboard support.
• User-defined wallpaper.
• Tap to focus when recording video, just like with photos, and a 5x digital zoom for the camera.
• Playlist creation and nested playlists.
• App folders for sorting apps! You can even put an app folder in the dock.
• Enhanced Mail! You can have a merged inbox view, switch between inboxes quickly, and sync to more than one Exchange account. There's also threaded messaging (at last!) and in-app attachment viewing.
• iBooks, just like on iPad, only smaller. You can wirelessly sync books between platforms, a la Kindle.
• Enterprise features, including remote device management and wireless app distribution.
• Game Center. It's like Xbox Live, but for iPhone games. Includes achievements, leaderboards, and match making. It will be available as a "developer preview," and out for consumers later this year.
HP is taking on the Ipad with it's Slate PC, but no comparaison there.