already there
I bought a Touch recently and recently developed a small web app for it. In order to do this I just installed web.py on my desktop PC, opened a text editor, and started writing code. When my web app was running satisfactorily on my desktop, I started up WinSCP and copied the files over to my iPhone and started up the app. No .Net Compact Framework required, no bloated Visual Studio multi-CD install required. The Touch is a full *nix computer and a delight to work with. I think there's going to be a tidal wave of apps available come June.
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