We study B→K(*)ℓ+ℓ− decays (ℓ=e, μ) based on a data sample of 657×106 BB¯ pairs collected with the Belle detector at the KEKB e+e− collider. We report the differential branching fraction, isospin asymmetry, K* polarization, and the forward-backward asymmetry (AFB) as functions of q2=Mℓℓ2c2. The fitted AFB spectrum exceeds the standard model expectation by 2.7 standard deviations. The measured branching fractions are B(B→K*ℓ+ℓ−)=(10.7−1.0+1.1±0.9)×10−7 and B(B→Kℓ+ℓ−)=(4.8−0.4+0.5±0.3)×10−7, where the first errors are statistical and the second are systematic, with the muon to electron ratios RK*=0.83±0.17±0.08 and RK=1.03±0.19±0.06.Received 5 April 2009DOI:https://doi.org/10.1103/PhysRevLett.103.171801©2009 American Physical Society