Well folks, get out your patience for the v2.0 update on the older iPhones. I tried the update this morning. Took about 10 tries to get it to download, all the while having the iTunes part tell me that my v1.1.4 was the most current. (Not a good sign to start.) Finally got things rolling with the software and firmware, and then bam, iPhone got bricked. Connection to the iTunes Store could not be made to complete the update. Apple Servers crashed. Nothing to do but wait with the little bricked iPhone until things come back to life. Cnet even posted a blog item about same thing with some adds....like Apple shutting off phone support at their help desk because they got swamped. Not encouraging.
I guess the sort of good news is that there are a lot of users. The downside is that even Apple cannot handle the volume of calls, update requests, etc., for all the devices already out the, let alone the newer ones trying to come online today.
So, let's hope they get this sorted. In the meantime, be prepared to not get the update download, or to get it and then have you iPhone bricked when you cannot complete the update through the iTunes Store. Time for another cup of coffee and a deep breath.
LJ