The first person in line, as SF Weekly's Alexia Tsotsis reports, was Chris Bank, who's been camped outside the Apple store on Stockton since midnight Tuesday. He has "put up his coveted slot for auction via Air BNB at $200 per night." However, "Bank has apparently given up the first place in line title to international pun champion Joe Sabia...for the discount sum of $400."
SFGate notes a few problems with the new iPhone 4. Some fans report "cellular reception problems when they hold the phone with their hands around the outer metal band of the device." Mildly disgruntled users have recorded video of the bars plunging significantly and sending them to Gizmodo. Below you can view footage (via SFGate) about one such instance.