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There's also an iGoogle gadget for those with an unsupported device (like currently, the iPhone).
You sign in with your Google account and invite friends to Latitude from your contacts or through email. Latitude integrates Google Talk, and you can also call, SMS, IM, or email each other from within the app.
It would be nice, though, if the app integrated your status with Facebook, Twitter, and the like, which it doesn't. After all, Google wants to be all things for all people, right?
To get the new app with the Latitude feature:
Google isn't first to the market with location-based social services. In fact, it's rather late, with services like Loopt and Where already in the market, but Google is the 800-pound gorilla of the Internet, and anything they release, including Latitude, is bound to attract both attention and adoption.
Watch a Google demo video below. And where's that iPhone version, again!?