Update: Ignore the below story! The porn application referenced has since been removed from the App Store. Must have slipped between the cracks somehow, so to speak. But, hey, if you jumped on it real quick, you'll be one of the few who own this application! Oh, and the app's official site says the pron app has "sold out." Wait, what? How can a downloadable program sell out?
The people at Apple who decide which iPhone applications can be sold/given away on the iTunes Store are like the Soviet Politburo: They hand down edicts on high, presumably for the good of The People, yet they answer to no other authority and rarely offer explanations for their decision. So let it be known: Apple's app-ruling class has declared that programs featuring naked ladies will be available to iPhone owners! Previously, adult-themed applications were not given passes, but it seems as if Apple has installed an age-gate and made the first iPhone porn application available.
The first naked-lady application is the imaginatively titled Hottest Girls. It's a simple photo-displaying program with some crowd-sourcing elements. Basically, the app contains over 2200 pictures of topless and scantily clad ladies. You choose categories (Popular, Asian, Blonde, Brunette and Swimsuit) look at the pictures that pop up, and rate them good or bad.
The program itself seems entirely pedestrian and useless -- I'm not sure why anyone would want it, when Google on the iPhone would pull up about 6 million times as many results -- but Apple opening up the flood-gates to content of this nature is pretty interesting. The top of the Application store could soon be crowded with different kinds of porn-centric applications.