Yes, like many I'm seriously disapointed with the iPhone's lack of stereo bluetooth and have been waiting for Apple to unlock its A2DP capability...but to no avail.
Now I read about a much improved (in terms of sound quality) bluetooth option with Qualcomm's SoundAbout Lossless codec which requires no changes to hardware.
Has anyone heard of it and what are the chances of seeing that codec uploaded in the near future?