The beta version of the Opera Mini for iPhone is under test period. Gladly we have a video demo of it running on iPhone. The Opera Mini 4.1 version for your iPod Touch and iPhone works very efficiently. It compresses the website up to 90% using Opera servers before sending it to your device. At the device end, the compressed data is uncompressed. The whole procedure saves your time and internet cost.
The full version will be out shortly for public.