“We stopped the work because of the prohibitive license,” to Mr. von Tetzchner wrote in an e-mail.
Turns out it was an internal project.
So we, along with half the interwebs, picked up a paraphrased comment by Opera's president that pretty much indicated Apple had rejected popular mobile browser Opera Mini from the App Store.
Well, John Gruber over at Daring Fireball did some digging and found out that it just ain't so:
My understanding, based on information from informed sources who do not wish to be identified because they were not authorized by their employers is that Opera has developed an iPhone version of Opera Mini, they haven’t even submitted it to Apple, let alone had it be rejected.