Cisco GIST allows you to measure your connection speeds over Wi-Fi and your cellular provider (if applicable) based on your location and network access speed at the time of a test. Whether you’re a diehard iPhone fanatic or a recent iPhone inductee, this new application from Cisco will help you quickly understand the “gist” of what your phone is capable of at any given time. This application will also enable you to compare your cellular and Wi-Fi speeds with other iPhone users around the world.

Sidenote: At the point of posting this program has been marked as beeing freely available without costs. As this program is hosted with the AppStore the status might change. Authors like to publish their programs for free for promotion purpose and then make it commercial. Also it could happen that the author decides to take the program down.

http://appshopper.com/utilities/cisco-global-internet-speed-test-gist