I would like to be able to know current location of my phone.
When I cannot find it (is it in work, home, summerhouse,...), when somebody steals it from me (possibly hurting me in process),... there're plenty legal reasons for it.
I imagine application, that will run on background and periodically report it's position to server or send it by email, etc. While it can be done python script,...
There're of course many issues/options (how often report, go online if offline for more than hour, turn on gps if not on-gps for more than four hours, send position as email / fetch url on your server,...) to decide, but that's for discussion.
talk: http://talk.maemo.org/showthread.php?p=742868