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If yours is a good niche thing then go for it but it seems a crowded market.
I think the iphone will be a good pltaform to develop a dating site on.
It has the GPS so you could see who was in your immediate area at any given time.
Big can of worms, if you ask me. Back when I used to work for a dating company, we kept getting approached by companies that wanted us to adopt mobile technology so our members could find each other while they were out and about. We never took it up because we didn't want to be spearheading what could end up in some serious stalking issues.
As a woman, even if I was actively looking for someone, I'd *never* give out my immediate location to anyone without serious scrutiny.
... despite the article about him now being a millionaire and only working an hour a day, which has sparked so much interest in starting your own dating site, he did the groundwork in an extremely methodical and clever way.