Google Latitude & the iPhone

I'm sure everyone has heard about Google Latitude, essentially a mobile app that lets you share and find friends in the vicinity, with caveats. Well, what it may potentially tell us about the next iPhone OS release is that the OS will probably have background processes. I know its a long shot, but here goes:

The google latitude page states: http://google.com/latitude -> Will it work with my phone? -> iPhone and iPod touch devices (coming soon).

In the FAQ for Latitude: http://www.google.com/support/mobile/bin/answer.py?answer=136647&topic=20071, the page states:

... Latitude can automatically detect and update your location in the background ...

... you will have the option to continue sharing your location in the background even with Maps for mobile closed.

So in order for Latitude to truly work on the iPhone, they need background process support in the SDK. And guess what, it may be 'coming soon'. Fingers crossed & hoping so...