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Looks awesome, I'll happily buy it for $5 once it hits the store.

It's also nice that it's open source. Contributing to an actual iOS app could be a nice way to get a taste of iOS development without having to start a whole project from scratch (if you have no previous experience.)

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Try wordpress for iPhone (http://ios.wordpress.org/development/) which has been developed for a long time. However I agree that it's easier to pick a project with less code in it to learn.

Another way is by writing an app.

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