Google’s new G1 phone announced today is the first real competitor to the iPhone. Like Apple’s product, it’s a serious handheld computer with a powerful new operating system (called Android) and a clever touch-based user interface. Like the iPhone, it’s likely to be a major new platform for third-party software. But it’s also very different, and may appeal to different buyers.

The phone, expected to be the first of many to use the Android operating system, was largely designed by Google, and was built by HTC of Taiwan. It will be sold in the U.S. starting next month by T-Mobile, for $179 with a two-year contract.

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