Offline Gmail for iPhone demoed at MWC… coming soon?

At MWC, Vic Gundotra, Google’s VP of engineering, demoed what many might think is heaven sent; offline Gmail (the web app) with, among other things, support for labels. Better yet, the technology doesn’t depend or even require you to jailbreak your iPhone. So, you won’t even have to get Apple’s panties all in a bundle to get it working.