Photoshop.com Mobile for iPhone provides users a simple way to view photos with full-screen previews and edit images with gesture-based editing. You can transform your photos with basic editing tools like crop, rotate and flip; as well as adjust color with saturation and tint tools, enhance exposure and vibrancy and convert images to black and white.
With the iPhone software 3.0 and a mobile me account you don't have to panic if you lose your device:
You can locate it remotely through your mobile.me account. Just enable Find My iPhone in MobileMe settings on your phone in advance. Then you can log in to me.com from any computer to access Find My iPhone and display your phone’s approximate location on a map.