Magnetometer (Digital Compass) Confirmed For Next iPhone?

Boy Genius Report has received screenshots which show a "Compass" option in one of the iPhone's debugging menus. It's not clear whether it was found in the recently released iPhone 3.0 Beta 5 or in some other location. Regardless, their source concurs that the option is obviously referring to a digital compass which is undoubtedly going to be included in the next iPhone.

Rumors that a digital compass in the next iPhone have been floating around for some time. The inclusion of such a sensor would offer quite a few benefits to applications such as (very accurate) turn-by-turn directions to Google Maps. Screenshots follow below!