Navizon, a new unofficial third-party application for your iPhone software/firmware 1.1.3, offers a location feature called “moving mode” that updates your location every 10 seconds—making your device even more like an actual GPS unit. Like 1.1.3’s current Google Maps feature, Navizon uses cell tower and WiFi triangulation to estimate user location. In addition, Navizon overlays a navigation bar on top of the Google Maps interface, allowing you to start or stop location tracking, access settings and more.

With Navizon 2.0, users can run the program in the background while performing other iPhone operations. In conjunction with the “buddy finder” feature, the background capability allows other users to track your location at all times if desired. Another interesting Navizon feature is “Alerts,” which allows you to define a circled area on the Navizon Web site. When you or another “buddy” enters that area, an email alert can be sent to any address.

Needless to say, this could be a pretty handy feature on college campuses—increasing connectivity among students, faculty and staff by providing additional opportunities to conflate virtual and physical interactions.

Our friends at iPhone Atlas have provided some handy installation instructions:

“In order to install Navizon, use our instructions for adding third-party applications to the iPhone, then navigate to the Network category in Installer and select Navizon. You may need to add the following repository: http://repo.navizon.com in your Installer sources. Within Installer, tap ‘Sources’ then ‘Edit’ and add the aforementioned URL. A Navizon official told iPhone Atlas ‘If you go in All Packages, you should see 2 versions of Navizon: the new one is version 2.0.0.’”

Click here to see a video demonstration of the new release.