The news just fell that iOS 4.2 will be available later today iOS 4.2 is available for download. One of the big news about iOS 4.2 for iPhone is that it's coming with a free access to the Find My iPhone feature, which was previously part of the $99/year MobileMe.
Now that Find My iPhone is free, I'm wondering what makes it compelling to still pay 100 bucks a year for MobileMe, a service that you can pretty much substitute for free by Google Sync.
This being said, here are instructions on how to set up Find My iPhone on your iPhone, no strings attached...