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GigaOm and Wired magazine have been reporting that the new iPhone to be released in June will have true GPS chips onboard. The rumors started to fly fast and furious when geotaged code was observed in the iPhone SDK. The Google maps application on the iPhone using wifi cell tower triangulation technologies has been very popular on the iPhone, however, with 3G and the new GPS technology it will become much more accurate and powerful as a platform for new application development.
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Loopt, a free social mapping application that uses location finder API in the iPhone to let you combine a GPS like searching for entertainment, restaurants and coffee-shops with social networking to hook up with friends, AIM buddies and contacts.
eBay has announced a client-side application that allows you to sign-in, search, preview photos of items for sale, monitor the bidding, and bid on items at auction on their service. It will be free on the Apple Apps store as soon as it opens.
TypePad Mobile is a free photo blogging service that allows you to take a photo on iPhone, upload it to the TypePad, and text and make mobile blogging much easier.
Associated Press has built a free mobile news network using location API it knows where you are and in stores information based on your location and it combines text, images and video directly to the iPhone and it allows you to send new images and stories to AP and they will weave it into the news after review by their editors.
Pangea makes games and Enigmo and Croman Rally are two of their games that use the iPhone itself as the controller will be for sale on the Apple Apps store for $9.99.
Mark Terry' application for MooCowMusic for the iPhone Band creates music on the iPhone itself using virtual instruments (Keyboard, Funky Drummer, 12 Bar Blues, and Bassist) allows an iPhone user to play instruments on their phone with simple touch user keys.
MLB.com has developed "At Bat" which lists all the days games and up to the minute line scores and even video of all the games as being played with a few minute time delay. At this time it is not known if the app will be sold or if you'll need to subscribe to the service but for baseball fans this is a "gotta-have-it" app.
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Other big news that seems to have made its way from the Apple rumor sites and now out into mainstream news services (BBC) is that Apple could drop the price of its new 3G iPhone to compete with the rift-raft of imitators and handset manufactors like Motorola and Noika who have begun to feel the heat Apple design has brought to the world of cell phones. That price has been rumored as low as $199 for the entry level 8GB iPhone.