I am getting VERY close to finishing my first iPhone app. I have the artwork done, all of the synthesized sounds done, and the base application done. All that is left is to add the accelerometer code (shaky shaky) and record the rest of the sounds. I got my developer license in today, so I can actually build my apps and run them on iPhones! I needed that to test the accelerometer code ... the simulator doesn't simulate the accelerometer.
It has been an interesting process so far. I was prepared to wait weeks to get my developer license, but Apple sent it to me the next day. 'magine that, eh?