Yes everyone, iPhone OS 3.0 just keeps getting better and better. Our friends down at The Boy Genius Report are confirming the (reported) existance of a magnetometer in the 3.0 software. Now, for those of you who don’t know what a magnetometer is, it is basically a digital compass.

Other companies have also been seeking this for years, but Apple beat them to a pulp to it. So why would anyone need a digital compass?

True GPS. Interactive Street View and Google Maps. Plain and simple. It gives you a better experience. It will also help Apple catch up to Google’s G1 maps application and GPS capabilities.

Just more of these tid bits will come with every new release of iPhone OS 3.0, and we will keep you all up to date on all of the latest and greatest here at LimitedEditioniPhone.com!