WAAS use in handheld devices
As someone who does software and algorithmic development for the WAAS system, I have to say that WAAS would be an interesting thing to add to smart phones such as the IPhone and I currently do not know of any phone that currently uses it.
The claim about lower battery life because you would have to listen for a while seems like a somewhat valid concern, but overall I would call it pretty much bogus. The WAAS system uses the same delivery method as GPS satelittes and sends a specially signal that marks it as being different from the GPS system. This signal provides only 250 BITS (thats 250 ones and zeroes, every second to WAAS enabled recievers. This basically would be an encoded message that tells you how the satellites in space need correct and ALSO provides a safety margin. So it does make GPS somewhat more accurate.
GPS receivers normally take a few seconds to get data from all the satellites on their positions. We often call this the almanac, smart phones found out that rather then spending more battery life on leaving the GPS receiver on for an extended period it was far quicker if this was sent across the cellphone network (which has MUCH higher bandwidth) to speed up the process. This same method could be provided for WAAS as well, but it would take up slightly more bandwidth to do so. Keep in mind the amount of data this would be is about the same as a word in a text message.
The case against WAAS in this situation is pretty grim however, as the networks would have to be able to provide this information across their network as well as the GPS data they already provide. This may not mean much to us, but the networks are very stingy about more data that is provided across their already stressed networks at times, and any additional code that might have to be added to the already complex (to them) GPS solutions.
In short, I don't see it being used anytime soon.