Squeezer is an iPhone app (and iPod touch app as well) that allows you to shorten URL’s that you may have copied from Safari then update your status on Twitter and/or Facebook. You may also send the shortened URL’s as SMS or email. All of that using a single application! Find Squeezer in App Store for $1.99 only.
Pros & Cons
|Beautiful and simple user interface|
|Supports many URL shortening services|
|Reasonable price to its services|