Apple is designing FM App for the iPhone?

Reports have been coming in surrounding a possible iPhone App release from Apple, which will bring FM radio to the device. Sources claim that it will work as the iPod App in many ways, such as the ability to listen to music/radio while browsing Safari or using other applications. We are not yet sure if the App will be integrated into the currently existing iPod App, or if it will be launched as a stand-alone application.

One of the features which have been mostly discussed, is song tagging, which allows you to tag a song in the radio so that it can later be traced and purchased in the iTunes Store. In many ways, this rumored FM radio capability for the iPhone, seems to be very much like the one in the iPod Nano, though it will probably take advantage of iPhone’s unique functions as well.

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