Well the fact is you need to take Time's Invention of the year with not a pinch but a handful of salt and this year its no different! Pardon me for my ignorance but I am yet looking for that Invention that they are talking about and weird enough they even admit it by saying :
Apple didn't invent the touchscreen. Apple didn't even reinvent it (Apple probably acquired its much hyped multitouch technology when it snapped up a company called Fingerworks in 2005). But Apple knew what to do with it.
And yet it is the invention of the year !
Here are reasons why Apple's iPhone deserves the invention of the year (even though there are plenty phone that can do pretty much what iPhone can !)
1. The iPhone is pretty
2. It's touchy-feely
3. It will make other phones better
4. It's not a phone, it's a platform
5. It is but the ghost of iPhones yet to come
This is what I call classic WTF moment !