Misc: Are the days of a single "Must have Phone" over?

With the latest news of the iphone finally becoming available as an option to Verizon customers, comes a couple questions.  For starters, is this a case of being too little too late, but more importantly, is the iphone still the "Must have" head and shoulders above the rest, cell phone it used to be?
(iphone 4 pictured below)

There is no question about it, when the iphone first hit the market so many years ago, it was a revolution. Hot off the succes of the ipod and other various apple products, Apple put out another bit of technology that would take the tech world by storm.  The features offered some brand new functionality for cell phones. It was one of the first signs that cell phones were truly on their way to becoming little computers we could fit in our pocket.


However, it is 2010 now. The iphone is hardly alone anymore in tricked-out phones with an abundance of geeking-out type features. In fact there are other phones out there now that some would argue run a lot of the similar features smoother and better than the iphone itself.(Not to mention the continuing call-dropping issues that still persist with a lot of iphones to this day)
(Palm pre plus pictured below)
With other phones such as the Palm Pre Plus, Samsung Galaxy,Android, HTC Touch Pro II(among many others) currently on the market, and the Google phone, Playstation Phone, Palm/HP's next phone and even a newer model of the iphone on the horizon, does the iphone itself hold the same exclusive luster it once did.  I am not anti iphone. I think it is a wonderful piece of technology and will continue to be regardless of the competition.  It will only result in an even better iphone in the future as well as better phones from the competition. I am simply posing the question, as to whether the iphone is as coveted as it once was.(Samsung Galaxy pictured to the right)
Truth be told, the majority of smartphones within the same price range all do about 98% of what every other similar phone can do.  It might merely come down to which features your particular phone does the best.  Are you someone who is an apps-hoarder. Do you like to play games on your phone? Do you use your phone mainly for emailing & messaging? Is a feature such as multi-tasking(and I mean legit multitasking not the watered down version). Personal preference is probably what it is going to come down to in the future for cell phone purchase.

With that said what do you think? Am I crazy? Do you think the iphone is still way ahead of the pack? Do you think it has fallen behind the pack? I am somewhere in the ballpark here?  Let me know!