If you thought the keynote was boring, spare a thought for the Japanese guy sitting beside me who fell asleep at least four times.
Regarding Leopard, I'm happy about everything they announced. There's not a lot that's hugely new since WWDC '06, though, so it seems the hype machine overtook the engineering reality last year when Jobs talked about the "secret features".
Regarding the iPhone, I don't think I've ever been so ticked off at the Apple spin machine before. It's not because there's no SDK - I think everyone here would recognise the challenge that Apple has on their hands just to get the device out the door. If they had simply said "we're working real hard on it and hope to have something for you soon", that would have been fine.
I thought the ridiculous sight of senior Apple people trying to convince this highly technical crowd that the 3rd party development platform is a web site (albeit with some custom URL scheme handlers built into the iPhone apps) was just embarrassing. We know that's not what we're asking for in an SDK. They know that's not what we're asking for in an SDK, and the spin was just toe-curling.
So the iPhone SDK is CSS and some official artwork to match the iPhone UI? Come on.
Safari for Windows is clearly tied into the "iPhone SDK" spin, but Firefox should be worried. They showed some stunning enhancements to Safari for web development that blow away the Firefox plugins.
The rest is secret. Including the lasers and the ninjas.