Apple Pulls Controversial iPhone App

Until recently, it was possible to purchase, for $999, a little glowing ruby display for your iPhone. The application's name? "I Am Rich." Mainly because, aside from glow ruby-red, the application did nothing. Indicating, of course, that the bearer of the ruby had $1,000 lying around to spend on the useless fake gem (and must therefore be rich).

In an announcement this week, Apple announced the I Am Rich application would no longer be available on iPhones. It is a continuation of a purge of a few other iPhone applications, including NullRiver's Net Share. Some bloggers are reacting to the blacklisting by calling for a list of regulations for submissions to the iTunes app store.