how is this like a flash drive at all lol?

i think this is false advertisement lol. "use your iphone as a flash drive" is completely false.
-you cant transfer files to other computers. (unless you maybe use it as 1 of your 5 computers you can transfer purchases to? havent tested this) and would only use on a comp with itunes installed.
-you cant edit or view anything on your device. all you can do is look at the file names lol.
-the password thing does nothing to secure what you put on it, even with a password you have full write capabilities, you can put stuff on/take it off just as you could w/o one. all it does is prompt you for a password when you go to look at the files names...(which you could do anyway just by connecting it to comp with itunes).

ok thats just the data storage part, a flash drive can do SO MUCH more.
-use it to boot an OS.
-on vista/win7 you can use flash drives as memory(ram) with ready boost.
-you can install/run things stright from the flash drive.
-can use it to lock your computer or a specific program
-and still so much more

this app does literally nothing....

Jbone1337 about USB Flash Drive - Universal Edition