Last Updated Nov 22, 2010 11:22 AM EST
What's the catch? A bit of age discrimination on Apple's part: only owners of the iPhone 4, iPad, and fourth-generation iPod Touch can get in on the freebie goodness.
I must admit, I've long considered Find My iPhone the single most compelling feature in MobileMe. With it you can not only locate your phone on a map, but also remotely wipe the memory (to prevent sensitive data from falling into the wrong hands) and/or trigger an alert sound (which can help you find an iPhone that has, say, fallen between the sofa cushions).
Of course, I wasn't willing to pay $99 annually for that -- not when third-party apps like FoneHome and iHound do the same thing (minus the remote data-wipe) for much less. (My preferred remote-recovery app, FoneHome, costs all of $1.99.)
Now, anyone who has "compatible" gear and iOS 4.2 (available now) can enjoy the benefits of Find My iPhone (which I have to assume Apple will rename Find My Device, or something similar) without spending a penny. Gotta love that!
Image courtesy CNET.