Monle

I was going to review Monle and tell you about the brief time I've had to play with it today but there seems little point when Ochen K's video tutorials tell you everything you need to know.
The video shows what the app is capable of, no more, no less. No wild claims and no disappointments. If you want an NLE for your iPhone or iPod touch just buy the app.
It's everything you ever wanted in audio editing. Sure you'll be able to think of feature requests but we're talking day one here.
If you podcast or make music you seriously need to take a look at Monle.