Yea but its so hard to wait!
heres some specs:
HSDPA 1700 / 2100 plus quadband EDGE
WiFi
3D graphics acceleration
3-megapixel camera
256 MB integrated storage, 1GB microSD card included
Android Market for on-device app purchases
Amazon MP3 app for on-device music purchases
Push Gmail support with full HTML client
Bluetooth (but no A2DP)
Google Maps with Street View
No Microsoft Exchange support
No desktop synchronization -- it all happens over the air
350 minutes talk time over 3G, 406 minutes over GSM
402 hours standby over 3G, 319 hours over GSM
check out this video
YouTube - T-Mobile G1 Android Phone Hands-On