Very pretty and pleasing to look at, but why can't it show me today's date entirely? Aggressive styling becomes a low-grade irritation when routine information is obfuscated, even where the full message is easy to guess.
(Update: Luke Wroblewski considers this in more detail, via Daring Fireball)
The iPhone's touch screen works by conducting a small electronic charge through your fingertip; most gloves that are effective insulators from the cold are also pretty good at electrical isolation, so you have to take your glove off and your hand gets cold.
South Koreans have solved the cold-weather iPhone problem: Buy a particular brand of mini sausage that's approximately the same shape and conductivity of a human finger.
Clusterflock has a concise summary of the iPhone sausage finger. The Google-translated article leaves us with this thought: "Maekseubong tagitcheung and this just fits the iPhone user base, while the poisonous celebrity, Max is on the stick."