Found this searching the web last night.. Let me know what you guys think. I did try it out but was unable to get a 1/4 mile run in with all of the speed traps every where but was able to get my 60' time.
60' - 3.13 @ 21.7mph
Dynolicious - Auto Performance Meter for iPhone and iPod
Video comparing G-tech vs Dynolicious vs Drag strip..
YouTube - iPhone Dynolicious Software Better than G-Tech? -Garage419