Does the phone have a built in camera? That would be really neat: see something cool, take a snap with the phone and upload it instantly.
What input method are you using? I've grown accustomed to using Transcriber on my Jornada. It's a far cry from, say, the Newton or Graffitti. The only real problem I've had with it so far is that it's got difficulty with differentiating between F and f, and C and c, understandably. Does the PPC Phone Edition even support Transcriber, or do you have to hunt and peck on that infinitesimal virtual keyboard?
Nope, no built-in camera. The phone is the fairly crappy Siemens SX56 (note the $300 instant rebate on it) with a bad screen and poor ergo. But on the other hand the only reason I have one is because I need to use it for work, so if I wanted a better one I could go get one my own damn self.
I tried using transcriber, and got pretty good with it, but I'm much faster with the virtual keyboard and auto-complete.
This phone and a folding keyboard might not be a bad sub-notebook roaming setup -- a bit of web browsing, e-mail, and being able to post to this site. It's a small package, for a pretty small cost now -- the device is $99 after the rebate, a keyboard would be, what, another $100, and with t-mobiles $19.95 unlimited data plan, it'd be pretty reasonable.
On the other hand, a 12" laptop would be 1000% more flexible, and only about 2x the size of the pda/keyboard combo.