Marco Arment on the way Consumer Reports graded the iPhone:

They also say the iPhone has “one of the best cameras we’ve seen on a phone”, but that wasn’t enough to earn the “excellent” dot-circle rating.

Marco does a great job breaking this down. At the end of the day I can’t help but wonder if Consumer Reports just knows that rating the iPhone well will result in less traffic to their, erm, Reports — thus they try to be more “objective”.