Sounds like a pretty cool program. iHound Software will protect your lovely devices, helping increase your chances of recovering a lost or stolen iPhone.
iHound Software is a revolutionary product that can help you find and recover a lost or stolen iPhone or iPod Touch. iHound uses the GPS and WIFI signal built into your device to determine its location. That location is then reported to the iHound server. Using iHound Software's unique tracking website, you can track the approximate location of your iPhone and iPod Touch when the iHound application is running. Join over 15,000 other iHound Software users and begin taking control of your digital life.
Simply download iHound Software's iPhone application through Apple's iTunes App Store for $3.99 and sign up for a free iHound Software account to begin protecting your iPhone.
[via iPhone Application List]
Check out a product call Nanex Track IT You download a program as as long as your phone is on you can track its every move. This might help some of you Iphone users. http://www.nanextrackit.com
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I reported my stolen iPhone here:
http://www.stolen-property.com
there is also some information about the iHound software and how it works.
A much better (and cheaper!) alternative is FoneHome. It’s the best app I’ve found to track my iPhone (works on iPods and iPads too). http://www.myfonehome.com