The browser on the iPhone is capable of using advanced web technologies introduced in HTML5. One of these is the app cache that allows web pages to run on the client, from the cache, without a connection to the internet. Together with Local Storage you can also save data permanently "in" the page.

My question is, would it then be possible to make a website that when visited and set as a web clip (bookmark on the home screen), could be accessed again, at any moment. Using HTML5, Javascript and css, you can make some very good apps and at the same time avoid the pricey developer fee, the harsh app approval and the single platform development platform?

Or am I just dreaming?