Noheat.com is carrying an interesting rumor today: Apple may be contracting with Nintendo to develop mobile content for the iPhone.

From TFA:

These exclusive games will be released on the iTunes Store at a $29.00 price point a few months after the iPhone launches. No word on whether Nintendo will be distributing iPod versions of these games. A major hangup in development has been the lack of buttons on the iPhone that was remedied by a touchscreen D-pad. One might wonder how Nintendo fans may see view playing on a phone without a traditional D-pad.

As with all rumors, take this one with copious amounts of salt. The first question that comes to mind is: how do you play a game with your fingers over the screen? If anyone can figure that out, it’d be a pairing of Apple and Nintendo, two companies who are currently at the top of their games.

Quality games on the iPhone might just be a killer app for the demographic that Apple’s going after, so this will be a story to watch as more info becomes available.