According to several websites including Engadget, SlingPlayer for iPhone will finally arrive between 12:01 AM and 6:01 AM EDT tomorrow morning. It will be WiFi ONLY and will cost $29.99. Some will be happy, some will be sad, but life will go on.
Apple and/or AT&T took serious bandwidth that this type of app would impose on the HSPA network. I guess WiFi only was the only choice for now to get approval. Possibly this could be lifted to include 3G at some other time in an update. Sling Media has decided to lift the ban on older Slingboxes they originally claimed, with the caveat that they won't be officially supported if you run into trouble.
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