9 to 5 Mac reports that it has received a tip claiming that Apple is in the process of developing an application to bring FM radio functionality to the iPhone and iPod touch. The functionality would reportedly be similar to that found in the fifth generatio iPod nano, which offers the ability pause radio and tag songs for use in iTunes. » Possible iPhone FM Radio Application From Apple

Some new reports are coming in that the latest iPhone 3G firmware will support FM Radio and FOTA (firmware over the air downloads). FM radio does not mean that the iPhone 3G will have a FM receiver but it will probably support Apple’s ‘iPod Radio Remote’ and probably some other third-paryt FM Tuners.
» iPhone 3G has FM radio support and FOTA?