Any idea if you can actually get an iPhone app published this way? Usually the code generated from one of these high->low level compilers is tough to read and nearly impossible to understand. If it hasn't already done so, I imagine that Apple might bar submissions with obfuscated code[1], and it can be argued that the resulting code produced by the Scheme to C compilation is obfuscated and therefore ineligible for App Store inclusion.

[1] I was operating under the assumption that the source, not a binary, was provided to Apple. I stand corrected.