Some huge news today for those of you who like to create sounds on the go. Apple has just announced that GarageBand is available for iPhone and iPod touch owners via the App Store:

“GarageBand features a collection of fun Touch Instruments that sound great and make it easy for beginners or experienced musicians to play and record keyboards, guitars, drums and basses in a wide variety of styles. Smart Instruments now allow you to choose from an extensive new library of custom chords so you can play and strum along with your favorite songs.”

We took a look at GarageBand for the iPad a few months ago, and we were incredibly impressed with what you could do on a 10-inch screen. Scaling things down even more, GarageBand for the iPhone should prove to be equally as effective.

If you already have GarageBand for the iPad, it’s the same app, you’ll just get an update. Apple has made GarageBand universal, allowing it to work on the iPad, iPad 2, iPhone 3GS, iPhone 4 and 4S as well as on the 3rd and 4th generations of the iPod touch.

We’ll do a full review of GarageBand for iPhone soon. In the mean time, get to downloading and let us know what you think.