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Cccording to code found in the latestfirmware release, Apple is working on a new iPhone application callediControl. Like Apple TV and other remote controllers,it would allow the iPhone to connect wirelessly to local iTuneslibraries and browse through and play media from those sources.
We are told that a media navigator will allow you to view videos, playpodcasts, listen to music and even support shuffle playback. Thescreenshot shown here shows some of the localizable strings for theiPhone-based application. There's obviously no timeline for release,but since the SDK eventback in February, it's been rumored that Apple would release someofficial iPhone apps of their own, and iControl might be the first.
Update:The data is so thin on the ground that it's hard to respond to readerswho have asked whether this will be a "Back to my iTunes" application.Just having local Bonjour support wouldn't be all that useful.Apparently a screenshot of the bundle (not apparently a realapplication) here