For those not in the know, thisisprettymuch what it sounds like: basically adding GPS-based location data to digital photos so you know exactly where any particular picture was taken.
Clearly, though, as in the case of third-party guarantees on high-priced works, thisis a much more attractive proposition for guarantors when art market confidence ispretty high as itis right now.
The real reason, I suspect, that this has been done on the iPhone is that itisthis anodised layer that you can then dye to prettymuch any colour you want.
Apple's claiming a 7x improvement in graphics, and given that this thing is claiming such a huge swath of the mobile gaming market, it's prettymuch a necessity.