Bad news: the first app to use in-app pricing in the App Store is a huge ripoff. Gokivo, is a $1 turn-by-turn directions app. Want to actually use it? That'll be
$1/minute, $3/10 minutes or $10/month. Updated.
Even worse is that when it was first released, the description included no mention of these charges, tricking people into spending $1 on a worthless app. They've since updated it, fortunately, but the pricing remains.
Aren't you excited for more apps to start charging this way? Bring on the sleazy, crippled apps begging for more money!
Update: The developer wrote in to explain that the per minute pricing was accidentally left in after the QA process and should be removed in an imminent update. Here's their full explanation. [The Apple Blog]