So Opera Mini for the iPhone got approved and is available in the App store since last night. I downloaded it this morning and should say I am mighty impressed with it. It is zippy, fast and intuitive. There was a quite a bit of speculation around whether this would get approved by Apple. I m happy that Apple approved it.
I did notice a few quirks with the Browser but they are in no way deal-breakers. From my brief interaction with it, the browser looks awesome to me! I dont deny Safari being a solid mobile browser itself but with Opera out now, its “Bye-Bye Safari” for me 
Opera Mini for the iPhone
Wait until you try to click on a hyperlink in anything except Opera. Hello Safari.
Does it not bother you that everything is proxied via Opera’s servers??
@dr – For the most part, it does not since all I care about how quickly the content is rendered in the browser and Opera seems to do a better job at that compared to Safari.