One of the few apps that sits in glory on my home screen–and not hidden in a folder–is Instapaper. That's because I use it, and use it often. In case you haven't tried it, Instapaper is an absolutely brilliant way of reading news from any web site in a clear, uniform text formatted specially for the iPhone or iPad. There is also a web-based Instapaper application that brings similar functionality to reading on the Mac.
It just got better and developer Marco Arment has posted Instapaper 3.0 for iPhone and iPad. There are lots of extra features, including integration with social networking sites, and a full rundown can be read here on Marco's site. It's a free upgrade for existing users and new customers pay the equivalent of $4.99.