Another really cool thing users of jailbroken iPhones will have that most will not. Another symptom of how Apple is handicapping themselves by being so closed.
(EDIT: Okay, fanbois. Know that I have firsthand experience with both configurations of the iPhone mentioned. I also own other equipment running OS X.)
From the post about the actual acquisition there was, if I recall correctly, agreed that this was more about the talent rather than the software itself.
And who knows, perhaps they had a future product coming up that Google was interested in.
It was almost certainly a talent acquisition. They don't want the product: they want the people behind it. This is pretty similar to what happened with Etherpad.
Wicked, now I can work on adding some encryption to the datastore. Most things on my Touch aren't very sensitive, but the complete copy of my e-mail archive certainly qualifies and having it just sitting there really scares me.