Arachnid 1.2 Submitted
I've submitted Arachnid 1.2 to the App Store. With a bit of luck, it should be available within a week, although Apple occasionally takes longer to complete the review process.
I've added an integrated Google search feature. Tapping the search button will take the address bar into search mode, and suggested search terms will appear as you type. These are the same suggested searches that have appeared on Google's home page, as well as the integrate search bar in Firefox. This can be a real time-saver when typing search terms with the iPhone's virtual keyboard. It can also be pretty entertaining sometimes just to see what the most common searches are for a given string of characters.
Another new feature is favicon support in the bookmarks lists. If you aren't familiar with the term, favicons are the tiny, 16 pixels-square images that appear in your browser's address bar, just to the left of the URL. They usually appear in the bookmarks interface of desktop browsers as well. Not all websites provide them, but they can be a nice way to reinforce the branding or visual aesthetic of your site. I find them useful in the bookmark lists in Arachnid for quickly locating a desired bookmark. I find that my eye can more easily distinguish a unique image in a list than a unique text string, presumable due to the greater variation of shape and color, as well as an existing awareness of the image's association with the website in question.
Arachnid 1.1
This update fixes several bugs that slipped by in the initial release. I've also added a "Lock Orientation" setting that lets you read while laying on your side without the interface rotating.

Arachnid 1.1 should be available today, but the App Store has been extremely flakey lately so your mileage may vary.

It's been an arduous process and a bit of an emotional roller coaster, but