At last!

Just a day after Gates presented Microsoft's grand plans, Apple chairman Steve Jobs showed off his vision of the future; and, as always, he did not disappoint in showing his Apple cult members cool gadgets for '07.

Retailing for $499 and $599, the iPhone will incorporate three functions into one seamless apparatus when it hits stores in June, reports psfk. It will serve not only as a phone but also a widescreen iPod with touch controls - and a breakthrough "Internet communications" device with "desktop-class" email, safari-powered web browsing, maps, and searching.

As an example, Jobs pulled up a pristine version of nytimes.com onto the phone. Cingular will be the phone's sole US partner.

Apple also unveiled Apple TV, formerly named iTV and intended to rival Microsoft's IPTV, and announced that Paramount films will be available for it via iTunes, according to CNN. The device has a wireless connection that will let up to five computers stream or download video content to a television. It will begin selling next month for $299.

But according to Steve Rubel, Apple TV - unlike the iPhone - will be a let-down for advertisers. The device is a media extender, meaning it's streaming content people already have bought on iTunes, whereas Microsoft's IPTV-ready XBox 360 already supports PC to TV streaming right out of the box.