Update: In iOS 6, the method detailed below of hiding apps from your purchased list right on your iPhone does not work. You must, unfortunately, venture into iTunes to perform the task.
With iCloud, you can restore previously deleted apps right from the App Store on your iDevice. If you open up the App Store app, tap Updates in the lower-right corner, and then tap the Purchased line above the list of apps in need of updating, you can browse a list of all of your purchased apps or those not currently on your phone. These lists are useful for … Read more