It's been much anticipated and now The Daily is here. The launch of Rupert Murdoch's daily iPad newspaper took place in New York today. With it comes a new in-app subscription based service, heralded in with iTunes asking you to re-Agree to the App Store's Terms & Conditions.

So the headlines according to the MediaGuardian are:

• Subscription costs $0.14 a day, $0.99 cents a week or $39.99 a year
• The Daily will publish up to 100 pages a day on six areas – news, sport, gossip and celebrity, opinion, arts and life, and apps and games.
• Most of the articles can be shared online, through Twitter, Facebook and the like. And articles will link out to other sites on the web.
• The Daily will eventually be available on 'most platforms' however Murdoch said that it will 'be Apple's year this year and next'
• When asked about the editorial stance of The Daily, Rupert replied it will be 'down to the editorial team'

The first thing you may spot here is the pricing. It's in US Dollars.

We are led to believe that there will not be a UK edition of The Daily in the future and certainly not now at launch. The only way to get hold of it will be if you have an American registered iTunes account.

Our favourite Apple blogger, John Gruber summed up The Daily on Daring Fireball:

Nothing groundbreaking, but better than most such efforts to date.....At a dollar a week, I’m not sure how to predict The Daily’s success. On the one hand, it’s competing with an almost uncountable number of free websites, and large number of free apps. On the other hand, it’s only a buck, and News Corp. can promote it heavily through its existing media outlets — the Wall Street Journal, Fox News, the New York Post, etc.

So apart from the ability for apps to now offer In App subscription services, there is little else here for us UK iPad lovers. There is more coverage over at guardian.co.uk