·Time Warner Cable
·Verizon Online DSL
Truth In Advertising
Apple can fudge a bit, but if they specifically state that the feature they're advertising is X good (quantifiable in some sense by what's in the ad)...and it isn't...that's false advertising.
You see a lot of "screen images simulated" disclaimers when looking at PDA/phone screens online or on TV. The difference with Apple is that the screen images simulated are not the main feature of the phone...