Being able to move the apps to SD almost makes the lack of internal memory OK. It's probably one of the biggest grips I have about the Epic, these phones should be coming with probably at least 2GB of internal storage for apps and stuff.
The downfall of moving the apps to SD is you can't move all of the apps. Many in fact don't allow it. I have moved all of my apps, downloaded a few new apps since the froyo leak (flash, air, Yahoo Messenger with the Video Add-on), added the free gameloft game Dungeon Hunter and I am already back to only 56.94MB of internal phone storage.