My iPhone 3G replaced my Treo 755P, iPod Nano, kept me from buying a GPS unit, and has all but replace my Macbook.
Well, not exactly replaced my Macbook. Truthfully it has kept me from buying a Netbook (i.e. Asus eeePC) for short trips. I use to take my laptop for vacations and short business trips, but not any more. Unless I am doing a presentation, need to do some "heavy lifting", or am gone for a week or more, my Macbook stays at home. Usally in my daughters room.
In fact for most browsing at night on the couch or back deck, my iPhone is my Netbook.