cool:
"With the limited bandwidth of the iPhone, malicious code would be unlikely to slow portions of the internet. But malware could wreak creative havoc of a different kind. It might, for example, cause a phone to call numbers without the user's knowledge, seize text messages and a list of received and sent calls, turn the phone into a listening device, track the user's location through nearby WiFi access points, or instruct the phone to snap photos of the user's surroundings -- including any companions who may be in view of the camera lens."