My verbose description is repeatedly erased by whatever automated script created and maintains this page.
Here it is, for the next time it is erased above:
Simple, small script to boost the strength of the N900's FM transmitter to the device's limit of 118. Choose the FM Boost icon after starting the FM transmitter to boost the signal. If the device is connected to a charging cable, the script will have to be run again.
The effects of this script are temporary, and there are no known adverse effects.

This is a nice hack, and encourage me to poke around in /sys a bit (also some other nifty things in there :P). For that matter, it gives me an excuse to use the phrase "boost the power!" in a serious conversation. Hehe. In regards to the people wondering whether it's harmful, I looked up the FM transmitter's datasheet, and 118 was listed as "typical". Thus, while it may be lowered by Nokia for regulatory reasons, etc., I doubt that it is problematic for the N900. Obviously I don't know this as fact (not being on the N900 design team), but I wouldn't lose sleep over it. @Radu Capitanu: Woah, calm down there. First of all, this "app" is a one liner shell script, which fiddles with a value in the i2c driver for the FM chip. What this means is that it isn't messing with desktop or applications at all, but is dealing directly with a fairly low-level abstraction of the hardware. For that reason, I find it a bit hard to believe your claims. If you're seriously concerned, please post a rational discussion in the forums.