i360Emu is an XBox 360 Emulator for the iPhone and iPod Touch.
What this app really emulates is the famous Red Ring of Death you get when your XBox 360 fails miserably. This happens to roughly 54% of XBox 360s (including 2 of mine.)
This is a gag app, allowing you to say "hey, dude, I downloaded this XBox 360 emulator!" and hand the iPhone/iPod to your friend that had a 360 fail. You know ... rub a little salt in the wound. The look on their face is priceless.
Another app called PSN Status lets you check the Playstation Network status using your iPhone, iPod touch, and iPad. This free app will tell you both quickly and easily whether or not PSN is up. Sure, it would have been much more useful last month, but it will be handy to keep around if/when PSN goes down again.