The missing iPhone e-mail feature

Many have said that the iPhone's e-mail client isn't the best feature out there, as it lacks smart folders, multiple message deletion, and the double-pane view. Not to mention the fact that there are multiple bugs that still remain, even with firmware version 1.1.3 (Ryan mentions the fact that the iPhone idles while parsing HTML messages for quite some time). Is iPhone's Mail worth your time, or a pain in the finger?
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Ryan Block from Engadget shot us an e-mail about a blog post that he recently wrote on his personal blog. In his post, he reminisces about...