Several weeks ago, a big stink was made when Apple rejected a podcast application from being included in the App Store. The basis for the rejection was that it duplicated the functionality of the podcast section of iTunes (which users should be able to access with the upcoming 2.2 iPhone software update)....
If you want to add your voice and contribute to this existing news event, use the event code (Event Code: @1665568), that you will find on each news event page, as the first word of the SMS or MMS message followed by a space then add your contribution (text, image or video). For example: @1665568 This is an amazing video of Greg Norman hitting a hole-in-one in Sydney, Australia. The first word of the message should be @1665568 (event code), to make sure the system attaches your voice to the right news event.