Nothing to get a bunch of slathering sycophantic tech journos rolling like a new iPhone upgrade. This morning's news focuses on the rollout of the new iPhone and related upgrade and connectivity issues.

Excuse the brevity, but this morning we were delayed this morning by the important professional business of watching the U.S. World Cup victory over Algeria! Here are the links:

• Walt Mossberg: iPhone is “Top of Class.” (Wall Street Journal)
• Engadget: iPhone 4 is the best smartphone on the market.
• If you are shopping for all things Apple, the iPhone 4 is slower than an iPad, says MacRumors.com.
• In non-Apple news, how many people would like to be a fly on the wall for the Obama/McChrystal meeting? (Bloombemployee resource group (ERG)). I would!
• Sales of new homes plunge to lowest level on record (BloombERG). But seriously, would you expect anything else? The country is awash in empty, new houses.
• Unemployed people are frittering away their free time (Wall Street Journal). This comes from a government study. Better question: is the government studying unemployed people a good use of government-employed people?
• The Fed is likely to do nothing (Wall Street Journal). Possibly for another 10 years.
• Uh-oh. BP's taken the cap off (BusinessWeek). What will they screw up next?
• Scammers were all over the U.S. homebuyer credit, says a watchdog (Reuters).
• Adobe was down on earnings of 28 cents per share, up from 24 cents last year (MarketWatch).
• Facebook CEO says: We're really gigantic (Guardian).
• New meaning to the word, “GOOOOOOOOOOLLLLLLLLLLLLLL!” (USA Today).