Damn. And Here I Was Hoping for Photoshop or Logic Pro.

So the iPhone’s much-discussed 12th “mystery app”? You know, the one that might have been an e-book reader … or a pdf/.doc viewer … or Skype or … video iChat! Apple finally got around to telling us what it is today and it’s … YouTube!

As Kevin Kline’s Otto in “A Fish Called Wanda” might say, “OK … DISAPPOINTED!“

It’s hard to believe that playing YouTube clips on the iPhone’s 3.5-inch display is going to do much to revolutionize the mobile-device industry, but if Steve Jobs says so … One thing it might revolutionize is Apple’s relationship with the entertainment industry. I imagine NBC won’t be too keen on iPhone users watching “30 Rock” or “The Office” on YouTube, instead of purchasing them from iTunes …