Looks like Apple may have released this a little premature. Looks like they should have continued negotiations with Cisco a little longer...
http://news.monstersandcritics.com/busi ... ne%60_name
Cisco sues Apple over `iPhone` name
Jan 11, 2007, 13:00 GMT
SAN FRANCISCO, CA, United States (UPI) -- Cisco Systems has sued Apple, Inc., in U.S. District Court over use of 'iPhone' on Apple`s newly announced cell phone, alleging trademark violation.
Cisco, a San Jose, Calif., networking giant, charged in a federal court suit that it has owned the name since 2000. The suit, which Apple called 'silly,' seeks an injunction that would prevent Apple from using the word.
Steve Jobs, the Apple chief executive officer, unveiled the long-awaited Apple iPhone this week at the MacWorld trade show in San Francisco and said the company plans to begin selling it in the United States in June.
Cisco claimed Apple approached it several times over the past few years about a licensing arrangement to use the name but the issue had not been resolved, Digital Media reported.
Apple spokeswoman Natalie Kerris said several other companies had used the name iPhone but Apple was the first to use it for a cell phone.

Prov. 10:9
Do not drink the water, that is where the fish are having sex