And, as it turns out, it looks pretty damn good. In black, the new iPhone is very 1980s, as opposed to the '70s flavour of the current iPhone 4/4S. The two-tone black anodised aluminium is reminiscent of the old AV Sony designs of that decade -- like its first CD player.
The white model is not '80s, but it is prettier than the black. The aluminium and chrome unibody with the white accents have an old-school sci-fi feel. Like an object out of Kubrick's 2001. Somewhere in Cupertino there's a HAL computer powered by an array of these things.
Until you put all your greasy fingers over it, that is. [Nowhereelse -- Thanks Gonzalo!]