yes it's alright. I think there are more features to come. Just think, the phone has a recorder on it (when you record a greeting for your VM) it's only a matter of time until someone adds a voice recorder as well as other features to the phone. It's a computer... I can't wait.
I would hack/mod my iPhone but i'm paranoid. I'm on my third iPhone and i'm worried that if i mod/hack my iPhone they will consider my warranty voided. So until my warranty is up i'm just gonna take what Apple gives me.