The wait is over. Last month, The Dropbox team released its long awaited iPhone app that works in conjunction with their award-winning file syncing service. If you are unfamiliar with Dropbox, check out the video tour at getdropbox.com.

Anyone familiar with Drobox’s functional but limited iPhone web interface will feel right at home with the new app. Across the bottom are three tabs: Favorites, My Dropbox, and Settings. The My Dropbox tab is where you will spend most of your time as it provides an instant snapshot of everything in your Dropbox. But all of your files are not instantly downloaded most likely due to the massive hit you’d take on your battery by downloading large amounts of data.

Folders and file types are clearly identifiable by icons similar to what you would expect to see in Windows or OSX. Clicking on a supported file type opens the file to view (a full list of supported file types is provided in the app itself). All your heavy hitters such as Word, Excel, and PDF are covered.

Taking advantage of new functionality available in iP