UPDATE 3: As pointed out in the comments, there’s no sign of ad support in Google Maps Navigation (at least not yet). It’s just free as in free.
UPDATE 2: According to Gizmodo, Google:
implied they are working closely with Apple now on [Google Maps Navigation].
iPhone 2.2 saw Google Street View, could iPhone …

The rest is here:
Updated: Google Maps Navigation [Free as in Just Free] for Android 2.0 — Coming Eventually to iPhone

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