Compass consistly off by 10˚ w/o interference source. Has been calibrated.
To answer one of the questions I know is coming: it's set to magnetic because that seems to match Google Maps better than true (interestingly enough) and it was the most accurate way to check against my compass. It was interesting that the declination was added correctly by the iPhone. I wonder it's "smart" enough to use GPS coordinates to accurately apply declination.
This is a functionality I'd love to have as I easily get turned around while walking when I head into town and it would be nice to know which way to walk without having to take a few steps to get the GPS going and then turn around. No to mention, orienting the map in the direction of travel is pretty useful).
3.06GHz iMac (4Gb RAM), Mac OS X (10.5.7), Other : Macbook, Mac Mini (HTS), iPhone 3GS (16Gb), Time Capsule (500Gb)