Take a Look at the First iAd on the iPhone

As expected iAds have arrived July 1. This advertisement for the Nissan Leaf is the first to make an appearance.

The initial launch of iAd rich media ads, featuring advertising from some of the world's leading brands, will begin July 1. At launch, we’ll roll out in North America and ramp up the number of ads served in the weeks and months ahead. For developers outside of North America, iAd will be rolled out in a few months.

Take a look: