After the AppleTV and iPhone were released, I had some key questions about both which would impact my decision to buy either product. Looks like I may have my answers.  I found David Pogue’s iPhone FAQ on his blog (via MacRumors) and it looks like neither product will fill my needs.
 Apple TV: It can play [...]

Apple TV – Can I watch movies other than just those purchased from iTMS?  What codecs does it support? 
Apple Phone – Can it display Flash content? If so, what version (hopefully FP9)? How much built-in memory?  Will Apple provide a SDK for it? 

And its says I’ll be switching to Cingular this June and getting the new Apple iPhone (iPod, phone, camera, and it runs OSX).  You must always obey your inner-geek.