The rumors are true! Google Maps for iPhone is now available in the App Store. One of the biggest things it offers that Apple Maps doesn't (other than not getting you lost in Australia), is public transit directions by train, bus, or subway.
The main features of Google Maps includes built-in Google local search, voice guided turn-by-turn navigation, public transit directions, and Google Street View. You can also discover places to eat, drink, shop, and play including rating and reviews. If you sign in, you can save and quickly access all your past searches and direction from your computer, right on your iPhone.
Additionally, Google Maps lets you access live traffic information in cities across the world, see inside more that 100,000 businesses worldwide, and view high resolution satellite imagery of locations around the world.
Personally, I'm having issues installing Google Maps and keep getting a "this item is no longer available" error, but others are able to download it fine. We've heard installing through iTunes on your computer might be a good work around as well.
When you get it installed, let us know what you think!