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Found Footage: Misleading iPhone ads?

A slight kerfuffle has kicked up in the last few days about whether Apple's iPhone 3G advertising is too misleading. 37Signals raised the complaint that a recent iPhone 3G ad (YouTube link) set up false expectations, as it shows an iPhone loading a web page, finding a location on Google Maps, and downloading an attachment at lightning speed. Now comes this nice side by side demonstration video as embedded above.

What do you think? Is this false advertising on Apple's part, or should everyone just know that TV ads are always unrealistic?

[via DF/Gizmodo]