If so, you should check out the new Kindle app from the folks over at Amazon!

Using their new Whispersync technology, the app saves and synchronizes your reading location across your Kindle(s) and your iPhone and/or iPod Touch. Now you can read a few pages on your iPhone and pick up right where you left off when you return to your Kindle. (Note: Kindle newspaper, magazine and blog subscriptions are not currently available on the iPhone or iPod touch.)
So, what’s that you say? You have an iPhone and/or iPod Touch, but you don’t have a Kindle? No worries! With this application, it appears you can also purchase & read Kindle version of books on your iPhone/iPod Touch without actually owning a Kindle! Per the Amazon website, no Kindle is required to purchase and read books using the Kindle app.
Here are a couple of other photos showing the application in action:

Ok, so is this the ideal way to read a Kindle version of a book? Probably not. However, it’s nice to know that if I get stuck somewhere with a long wait and don’t have my Kindle with me that I can pick right up with my reading on my iPhone. Yay for technology!

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