DevToaster, an upcoming company, just sent out a press release showing off its new application coming to the iPhone/iTouch platform. Soon, with the help of a OBD-II/WLAN interface, you will be able to get vehicle diagnostics from your vehicle. Also included is GPS, MPG monitoring, and much more. Stay tuned to their website to see when this product is ready for release. So damn cool!

Source: DevToaster