iPhone to get "TV out" functionality?

IntoMobile noticed something in Engadget's "hands on" with the UK iPhone: there's now a "TV Signal" setting in the iPod settings menu.
This could be something coming to all iPhones when they update to version 1.1.1 of the firmware.
Will be interesting to see how much can be output to a TV or monitor - perhaps music videos and TV shows, but also web pages?
(Via Into Mobile)
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