Apple will soon release the iOS 5 for its iDevices. Apple has just released the find my friends app.
From iTunes release notes:
Find My Friends allows you to easily location your friends and family from your iPhone, iPad, or iPod touch. Install this free app on your iOS 5 device and sign in with the Apple ID you use with iCloud. Adding a friend is easy – just send a request to see their location. Once your friend accepts using the Find My Friends app, you will then be able to see that friend’s location on a map. You can also choose to share your location for a limited period of time with a group of friends. Use Find My Friends  to keep track of your traveling companions when you’re on a vacation. Or to see if the kids are home from school. Or to find the friends you’re meeting for dinner.
Download Find My Friends For iOS
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