I found this product from BensBargains.net. The concept of this is just too funny. Basically, an external solution to add optical zoom (6x) to your iPhone. Its quite the mobile experience I am sure. One of the comments were appropriately made: "Don't know what's worse, that someone made such a product, or that someone found such a product useful."
This can be yours for $26 at handHelditems.com.