Ask HN: Is iphone 4's gyroscope magical?

Though Steve Jobs termed the Gyroscope magical and awesome, was it truly a new feature?

I tried this. Opened Google Maps on Samsung Spica, zoomed in into New York map, switched to street view and turned on the compass mode. Voila! It seems to do the same thing as in the "awesome" demo from Jobs. Rotate the phone around yourself, the 360 degree views also rotates. Try this on your Android. Though, it need not be the exact same thing technology wise, but it "seems" to do the same thing.