The iPhone just got a little bit more powerful — an application that turns your iPhone or iPod Touch into a remote control for iTunes and Apple TV has gone live.

The previously rumored application is available as a free download through the new iTunes update, version 7.7, which is being rolled out just ahead of the iPhone 3G’s U.S. launch tomorrow. This version of iTunes is expected to include the App Store for iPhone applications.

As MG Siegler just noted, Apple is even promoting the remote control app on the iTunes update page, so the company sounds pretty excited about it, and for good reason. Being able to search your iTunes library, surf on Apple TV and control your AirTunes speakers already brings the iPhone pretty close to controlling your entire home entertainment system, at least if you’re a hardcore Apple fangirl or fanboy.

I’m definitely going to be taking advantage of this myself. I just need to update iTunes first — oh yeah, and buy an iPhone.

AI Weekly

The must-read newsletter for AI and Big Data industry written by Khari Johnson, Kyle Wiggers, and Seth Colaner.

Included with VentureBeat Insider and VentureBeat VIP memberships.

Check out MobileBeat2008, our conference on July 24 in Silicon Valley that aims to help developers make sense of the significant changes going on in the mobile industry.

VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Learn More