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What they actually said to Jobs, after months and months of speculation was "make it, stupid".
As his real next-gen devices are not ready yet he thought "sod it" I can knock this out and get them off my backs so I can get on with the cool stuff with less prying eyes as they'll think this is all we have up our sleeve.
My 1st gen iphone is never used now since it was replaced with a 3GS.
It's sits in it's holder on the shelf to it's self in the office - it's was an iconic achievement in mobile technology and continues to be so, I'm sure a iPad will join it in the years to come
"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain
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