With the advent of mobile technology that is appealing to the masses wouldn't it be nice to be able to track your devices if they were to go missing or be stolen? Apple kindly is now offering an app which does just that, Find my iPhone locates your missing iPad, iPhone, and I believe your iPod touch.
The app uses the devices built-in wifi and 3G access to pinpoint on a may your device. Providing your device is on, you can wipe data, send a message or lock the screen. The service is provided through Apple's mobile me platform and is free when you purchase a new iPad or iPhone. You can also enable older devices as long as you have a new device to start the account all you need is iOS 4.2. Also you don't need to be a member of mobile me to use the service which is a bonus.
Here are two links to get you started; For the iPad and For the iPhone Look at the app in action.
Good luck and hopefully you will never need to use the app, but it is fun just to play around with!