Today, Apple introduces the Beta version of the iPhone Application SDK.

Applications for the iPhone will be built on a Mac using Xcode, the same development platform used to build OS X applications. With this tool, developers can monitor memory usage, cpu, frame rate and other parameters in witch applications can affect the iPhone.

Easy as 1 - 2 - 3 !
Apple also introduced the iPhone Simulator. This tool runs on a Mac, and simulates the entire API stack of the iPhone OS. You can therefore run your applications in the simulator, which gives developers an incredible turnaround time on development.The SDK is made up of several Core technologies. Most of what you find in the iPhone OS is the same as what you would find in OS X, except power management. Core Services, Core Location and Core Audio will also be available to developers.The SDK (Beta) is available immediately, for free and can be downloaded from Apple’s Web site. The iPhone Developer Program, also announced today, will initially be available in the US and will expand to other countries in the coming months. The program is only 99$ to register. Oh and I forgot to mention the iFund… 
KPCB’s iFund is a $100M investment initiative that will fund market-changing ideas and products that extend the revolutionary new iPhone and iPod touch platform. The iFund is agnostic to size and stage of investment and will invest in companies building applications, services and components. Focus areas include location based services, social networking, mCommerce (including advertising and payments), communication, and entertainment. The iFund will back innovators pursuing transformative, high-impact ideas with an eye towards building independent durable companies atop the iPhone / iPod touch platform.
Pretty nice!
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