It’s like a newspaper in your phone. I like the idea of location-targeted news from the Associated Press coming straight to my iPhone (and probably iPod Touch) ; it’s like the local page from your newspaper, but without the cow-tipping updates.

The service will deliver local news from participating member newspapers and national and international news from AP. The reports will be organized by ZIP code.

Google Inc., Yahoo Inc. and others also offer news services tailored for mobile devices, but Jeffrey Litvack, global product development director for AP, said the Mobile News Network would offer easier access to local news stories.

A lot of the big news corporations are on board, which means you won’t be getting locked out of good local content. There will, of course, be ads, but you’ve got those in real 3D newspapers too. They say they’ll be launching a service “Monday,” and today is Monday, so go check.