Before and after the latest iPhone update

We’ve already posted that the latest iPhone firmware version (1.1.1) is now live and that you can update your beloved handset at any time you want. On one side you’ll get an access to the WiFi iTunes Music store, improved security and louder volume; while on the other, you’ll lose all your favorite native third party applications, hence limiting the iPhone to Web 2.0 apps and services. Is it