We were terrified when we saw Google's latitude on the iPhone was released today. It went head on with our product that has been in the App Store for 4 month!
My app is called Tracku: http://www.trackuapp.com. Basically we have all the feature the Latitude has now with a few extras like send message within the app as well as share map pins. But I am worried that Google might start to catch up, adding more features and will drive my app out of business.
What should I do? Would appreciate any suggestions.
+Make it more personal. Be super nice to your users. Do awesome things that don't scale.
+ Start a competition, make a game out of your existing user actions. A Christmas treasure hunt?
+Add user-created map layers building virtual worlds on top of the real world.
STOP thinking about Google. Just do your thing and be so good they can't ignore you.