Here's a funny-slash-jaw-dropping follow-up to my rather sour previous posting about the iPhone. Apple's online store lets you download approved applications to run on your iPhone; some are free, but most come with a price. Apple takes a 30% cut off the top from every sale for ahem "upkeep".

The joke? Some created an application titled I Am Rich and, with Apple's permission, posted it for the maximum allowable price of $999.99 (U.S.). The sum total of this application's capabilities are to sit in your list of icons and, when opened, display a big red ruby on the screen to alert people of your, um, richitude. That's it.

Eight people downloaded it before it got yanked. That's about $5,600 for the developer and $2,400 for Apple. I wanna be in that business.