AdMob have announced a brand new Ad Application specifically designed just for the iPhone, below is CEO Omar Hamoui had to say

“AdMob has seen enormous growth in both our iPhone traffic and advertiser interest. This new class of device, led by the iPhone, is pivotal to the future of mobile browsing and of mobile media business models. We are excited to leverage our platform to take advantage of the uniquely mobile connected experiences that the iPhone makes possible.“

See AdMob on the iPhone in action below:

Read more here.