The iPhone has always been touted as being a complete multi-media package. However one of the things that it has always lacked (other than MMS and Tethering) has been good streaming audio support.
But it looks like that will change. Sirius is working on an app to allow for streaming of XM radio to the iPhone.
You will still need a subscription but the quality of service should be better than most of the third party radio apps out right now.
Read more here
In a conference call yesterday where the company announced that it posted a loss of almost $246 million, they plan to release this new application for the iPhone at some point during the second quarter. It was also announced that the development on the Sirius XM application would be halted in favor of this new application development.
With all of the changes that the company has made to their subscription model these days, when this application is released for the iPod Touch and iPhone we suspect that it is going to cost subscribers money one way or the other.