Are You Rich? Buy this $999.99 iPhone App [Updated]

Armin Heinrich has released an app on the iTunes App Store called I Am Rich [App Store]. The $999.99 application displays a red icon on your iPhone and iPod touch to remind others that you were able to afford it. As the developer notes, "it's a work of art with no hidden function at all."
Update: I Am Rich has been removed from the App Store.

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