Steve Jobs is currently speaking at the WWDC in San Francisco. And he just announced renaming of iPhone OS to iOS. Makes sense. The mobile operating system runs on iPhone, iPad, iPod. But there is one problem.
iOS, or better IOS is an operating system owned and used by Cisco. True, go check out the Wikipedia article. I’ll wait.
So, how will Apple fix this?
Update: Thanks to Ed for the solution
“Cisco has agreed to license the iOS trademark to Apple for use as the name of Apple’s operating system for iPhone, iPod touch and iPad,” said Cisco spokeswoman Kristin Carvell
So Apple simply pays a boatload of cash to Cisco for the rights to use it. Surprised?
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Geek. 
Wikipedia already “fixed” it
http://en.wikipedia.org/wiki/IOS_%28Apple%29
No fail, no drama, no big deal – ““Cisco has agreed to license the iOS trademark to Apple for use as the name of Apple’s operating system for iPhone, iPod touch and iPad,” said Cisco spokeswoman Kristin Carvell”
http://www.macworld.com/article/151855/2010/06/ios_cisco.html