The wait is over for all of you that have been eagerly awaiting the arrival of the official Reddit iPhone application. According to a post this afternoon by Reddit co-founder Alexis Ohanian, iReddit has arrived and is available for download at the App Store.

Not only does iReddit has all your favorite Reddit functionality: view stories, vote, comment, share, explore different subreddits, and save links for later, it also lets you 'shake' to get a new story; an idea, Ohanian says, that has been "floating around ever since I saw the Urbanspoon app."

While there are already two Reddit applications for the iPhone; open source reddit, a free app developed by Joseph Pintozzi that was released in December 2008, and Satellite, a $4.99 app developed by 3Cube Technologies released in November 2008, clearly the Reddit team wanted one to call their own.

An e-mail last summer "resurrected visions of a shake-able reddit iPhone app to cure away-from-the-computer-ennui once and for all," Ohanian posted.

Created with the help of 280North, the iReddit app is available for $1.99, with a free, ad-supported version in the pipelines.