We have spotted pictures of the iphone app store that will available in the iPhone 2.0 software update, the App Store will allow for easy navigation of both paid and free apps; Featured, Just Added, Staff Favorites, Most Popular … it’s basically an iPhone version of Apple Downloads.

Developers will be able to sell their apps in the App Store, and can set their own price. They’ll receive a monthly payment of 70% of sales, with 30% going to Apple for their credit card, hosting and marketing services