according to reports, scratch that, gossip, google will release their own phone start of 2010. And from what I have read between the lines, it will be a vast improvement over current Android phones.

A vast improvement for me would be:

-native and tested SDK for 2D and 3D interactive content (runs Unity 3D and Blender and Flash)

-a keyboard peripheral (portable, possible can fold), that can be attached for serious typing

-accelerometer and GPS (even if add-on or upgrade)

-microphone support

-a good camera or a replaceable / updateable camera (can any phone do this-why not?)

-decent battery settings for maximum battery life

-can hook up directly to external monitor and run that monitor at full display settings (the impossible dream).