Verizon has launched teaser ads on what Droid does and iPhone doesn't. They really pick on all the the features lacked on the iPhone:
iDon't have a real keyboard. iDon't take night shots. iDon't take 5 megapixel photos. iDon't allow open development. iDon't do simultaneous apps. iDon't do customization. iDon't run simultaneous apps.
Droid Does:
Multitasking.
Hi Speed.
Hi-Res.
5 megapixels.
Speech recognition
Notifitication panel
Directions.
Video.
Tunes.
10,000 apps.
The Network.
All these features have been revealed in Android 2 (Eclair) and more. The video follows the sung that plays sings "Oh it's magic..