http://iphonedevelopertips.com/open-source/open-source-coverflow-like-code.html
I’ve been on a hunt for an open source implementation of a Coverflow look alike. Thanks for to oldbeamer at Stackoverflow for answering the question I posted to find an open source version and many thanks to William Woody at Chaos In Motion.
A short movie showing a series of six images (jpg files) is below.
Very cool, thanks again William, nice work! You can find the source code here: Flowcover.
http://www.chaosinmotion.com/flowcover.m

This demonstrates a simple snippet of code which uses OpenGL ES on the iPhone to create a CoverFlow-like effect. The source code is available for download and can be reused in your own project under a BSD-style license.
Bug fixes
May 23, 2009: Fixed a memory leak bug in FlowCoverView. See blog for details, and for code changes if you wish to modify your own copy of the code base.
June 17, 2009: Modified draw routine to only draw visible tiles. What are "visible" is set by a constant at the top of FlowCoverView.m. See blog for details. (Thanks to Alessandro Tagliati (alessandro.tagliati gmail.com) for the modification.)