"But Jesus is a version 3 product (if you take itouch as V1) "

Eh? Presumably you mean "iPod touch", not "iTouch".

But anyway, the iPod touch wasn't "V1" - it came out AFTER the iPhone and shared the same software just minus a few features.

iPhone hardware is at v2 and software at v2.1 - there's no other way to look at it.

Talking of looks - this GooglePhone is pig ugly. That bit at the bottom with the buttons on looks like it is just stuck on as an afterthought.