I would never use limewire on my iPhone. That's an accident waiting to happen.
Limewire is garbage! Torrents are some what safer... I doubt anything malicious could get into your phone though. It would be like trying to run a virus on OS X.
Every other eTard I see talking about this is like "zOMG OHNOEZ I CAN HAZ VYRUZZ ON TEH IPOOD?? TROJANZZ? NUUUUUUUU"
Refreshing to see someone not talking out of their ass just to hear themselves talk.
Again... Ty lol