I wonder if it would be feasible for them to put Chrome on the iPhone. Technically, Apple wouldn't be against it since it's using WebKit.
It is technically part of the Mandatory Code Signing trusted computing implementation of iOS more than of the Sandbox. They use the dirty bit normally used to do Copy on Write to re-verify signatures when dirty executable memory is paged in.
It's similar in size to Firefox, which obviously has to bundle its own Gecko rendering engine.