Your money is going towards-
-OMAP3430 processor (with 3D hardware acceleration)
-256mb RAM
-7.2 HSDPA/5.76 HSUPA
-3.7" screen
-AMOLED (with the better battery life and added gorgeousness factored in
-Capacitive
-Tempered glass (which also means more durable)
-8mp camera
-HD video recording
-D1 video recording
-additional camera upgrades
-Wireless HD out over DLNA
-DivX/XviD/WMV/MP4 Support
-DNSe 2.0 dedicated sound processor
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Of those features, the N97 has none. It trumps the i8910 with its keyboard, kinetic scrolling, and larger internal memory, and commands a higher price point for some reason.