Apple's new smart phone, which costs $499 for the 4GB version, or $599 for 8GB, is out and we've tested it in our labs.

To see our take on its distinctions, strengths, and weaknesses, roll your mouse's pointer over the "virtual" iPhone below and click on the red buttons. For more information, see our First Look review of the iPhone by clicking on the box on the right. (Macromedia Flash is required to view the video review and for the interactive iPhone below.)

For the latest news on the iPhone, including the results of our iPhone tests, check our blog.

And if you bought an iPhone or planning to buy one, share your thought on our online discussion forum. (Free registration required.)