Breaking news from Kevin Fox - Twitter acquires and renames Tweetie

Announced on FriendFeed during the ffundercats podcast, Kevin Fox linked to this announcement from Twitter. Here's an excerpt:

We're thrilled to announce that we've entered into an agreement with Atebits (aka Loren Brichter) to acquire Tweetie, a leading iPhone Twitter client. Tweetie will be renamed Twitter for iPhone and made free (currently $2.99) in the iTunes AppStore in the coming weeks.

The only Twitter client that I use is Slandr, so I'm not sure what the effect of this will be. Quite frankly, I'm just reacting to a Louis Gray comment on the podcast. Better minds will analyze this further.