Some recent goodies from the app store:
Dual level (a 2-axis spirit level)
Airsharing (Killer app for copying files between iphone and PC over wifi)
Flight Tracker (brilliant flight checker which tells you dept/arr times, gate and even if the baggage is in the hall)
CityGuide (A worldwide city guide - right now it only covers CH which suits me fine

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Trailguru (Register for an account and then have all your GPS data synced with their server and over-displayed on a googlemap)