The document discusses how the iPhone will change the mobile space. It begins by outlining 10 things learned at Mobile 2.0, including that Mobile 2.0 is equivalent to the web, the mobile web browser is the next killer app, and AJAX and JavaScript can impact battery life. It then discusses the uniqueness of the iPhone, such as being a smartphone for the masses, including flat data rates, and supporting web and mobile standards. The iPhone is described as the first mobile device that can be considered Mobile 2.0 due to its integration of the web on a mobile device.