iBooks for iPhone [iTunes link] is now available. Like its big brother on the iPad, iBooks is an elegant, easy-to-use e-reading solution. While we haven’t had a ton of time with the pint-sized version of the app, our first impressions are very positive.

The iBooks interface is smartly designed, and pages and text are rendered extremely well. Simply put, other e-reader applications pale in comparison to iBooks. It’s only too bad that the selection isn’t as good as some of its rivals. The newest version of iBooks supports in-app PDF viewing, as well as ePub files.

Check out this excerpt from our longer iOS 4 Walkthrough video that shows off iBooks for iPhone and compares it head-on with the Kindle app. You can also take a look at the features in the gallery below.

What do you think of iBooks for iPhone? Will you use it to read books on your phone?

Gallery

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Library Page

This is how the e-books in your collection are displayed. If you’re getting Delicious Library flashbacks, you’re not alone.