iPhone to make Wall Street inroads?

Can the iPhone supplant the Blackberry as the info-drug of choice on Wall Street? Knocking off the Crackberry seemed impossible not too long ago, but Apple has upgraded the enterprise capabilities of the new iPhone 3G, and we are already seeing some more interesting applications emerge. Wall Street & Technology reports Lab49 has developed a real-time portfolio management tool, offering analytics and monitoring. It does not, as of now, offer any actual trading functionality. Hedge fund managers may like what they see and decide they've just got to have it. If demand swells we'll see even more robust apps emerge. Hedge funds will likely determine the adoption rate--and the "cool" factor. Third-party development will determine the race on Wall Street.