Ridiculously high quality paper, ability for soft cover to bend back flat via pre-scored lines, graph paper makes everything look cooler.
Cons: There may be a small possibility you don't like orange. That's okay, though, because they also come in black (from select retailers) and also you won't care what color they are when you get one.
Super AMOLED screen (16 million colors) blows iPhone 4's retina display completely out of the water, preloaded with Swype (innovative text input), blazing fast processor, access to over 100,000 apps
Cons: Everyone will want to steal it because it's so very amazing.