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I am not going to get into the details of what it is, or how it works. There are about 2,177 articles written for it already (as of 12:01AM today). If you need a quick reading, Engadget has a good bullet point article for your reference.
What I am interested is commenting on the company HTC, aka. High Tech Computers, Inc. This Taiwanese firm, which I've commented, reviewed and owned its products (often badged as a AT&T or TMobile or Sprint phone) is making some serious progress in the smartphone market. Having my background in the embedded market few years back, I always knew the Taiwanese manufacturers were tight with the Microsoft gang (XP Embedded, CE, and now WM5/6). HTC is considered a top partner for Microsoft year over year. In a sudden move, it seems like it is now Google's best friend with a couple of phones slated launch with Android early 2008 as well as a rumor that Google has been using an HTC handset known as the "Dream". HTC has a series of strong products that can rival the iPhone, HTC Tilt, Touch and Cruise. The smartphone market is definitely heating up. The saga continues...
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