@Joseph Scott - Thanks for the detailed response Joseph. I felt it necessary though to at least tell people that if they do accidentally delete a comment in the iPhone app, the comment is not lost and can be recovered through the trash can in the desktop version of WordPress. I freaked out and I wouldn't want anyone else to freak out like I did lol.

I'm not in any hurry but glad to see this is on the roadmap for a version in the future.