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They very much run the risk of being outflanked in smartphone arena, although put me in the camp of happy Blackberry owner AND happy iPod touch owner specifically because the BB is a better input device.
That said, if they are earnest about competing with the iPhone, what better way than coming up with a platform and SDK strategy that embraces and extends the iPhone SDK learning curve?
For those still getting up to speed on the SO WHAT aspect of iPhone platform (device form factors, SDK, etc.), check out:
Sub $200 Wi-Fi Touchscreen iPods by Fall?
http://thenetworkgarden.com/weblog/2008/04/sub-...
Cheers,
Mark
good stuff on the potential of the SDK.