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Re:Secret iOS business; what you don’t know about your apps by rgsteele on Wednesday October 19, 2011 @01:19PM (#3131087)
A company called Onavo is doing exactly that:

http://www.onavo.com/

They have an iOS app that configures your device to use their proxy servers. I haven't tried it myself since I'm a bit hesitant to route all my traffic through a third party, but it does sound promising.

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