One developer has created an application for the iPhone that tries to locate your iPhone if it gets stolen. Its chances of success depend somewhat on how dim-witted the robber is.

As there’s no way for ordinary users to track the iPhone when it’s out of their possession, the Private-I application puts an icon on the home screen marked “PRIVATE” in big red letters. The hope is that the bugger who nicked your phone isn’t interested in wiping it and selling it on eBay, but is actually after all your private info and will be tricked into tapping the icon…