Edge threat?
From a technical perspective, I'm not concerned.
Every GSM enhancement (GPRS, EDGE, Etc) has come with a detriment to network operation. Sure, they can get data on the network, but you have to give up voice capacity and/or quality. This is what makes GSM a dead end technology, and why operators are going ith W-CDMA.
On the flipside, each CDMA enhancement (CDMAOne, IS95A to IS95B, to CDMA 1X to EV-DO CDMA) comes packed with network quality enhancements - additioanl capacity (by factors, not 2 digit percentages), enhanced quality, and enhanced security.
Whenever you read about the GSM improvements, read between the lines carefully. In this case, they get 4 times the speed of EDGE, by utilizing 4 Edge channels, meaning 1/4 the capacity.
The biggest hindrence to GPRS currently is that it takes so much capacity from voice - and since many carriers (GSM ones that is) are already capacity restrained, its tough to take more away for data.
To tie this to the other thread running through IH today, the reason for all the dropped calls at Cingular, AT&T and T-Mobile is more capacity than coverage. When you leave on cell for the next, and the next is full, you get dropped.
The reason Verizon and PCS don't drop as much is because they have plenty of capacity in their technology.