It’s here, inspired from Android and more specifically Nexus One, it all makes sense. The app is called InfiniBoard, comes from chpwn, the developer of ProSwitcher and InfiniDock.
Update: Chpwn, developer of ProSwitcher, InfiniDock, and Now Infiniboard, has announced that his latest tweak has been submitted to Cydia around 7:30 to 8:00PM EST.
Update 2: App is now Live in Cydia.
At the moment, the InfiniBoard is in private beta testing. More open beta will be offered later this week.
Stay tuned for more updates @taranfx on Twitter or via Daily Email, RSS.
Here’s a video from YouTube demonstrating vertical icons scrolling on iPhone and iPod Touch.