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Five Reasons Not to Buy an iPhone

Stock quotes in this article: AAPL , MSFT , T , VG , PLMO , NOK , MRVL  

There is much to admire about the new iPhone. The hardware looks beautiful and the product is apparently smooth and easy to use. It's a terrific achievement for Steve Jobs and the Apple (AAPL Quote) team. So give them their moment in the sun.

But beyond all the iHype and iMania, let's get one thing clear. The iPhone isn't the future. It isn't a revolutionary mobile device ushering in a new era.

At its heart, this fancy-looking new product is very old fashioned. The reason: It tries to keep Apple and AT&T (T Quote) in control instead of you.

How? ...

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