Take on the new GPS technology

There is new technology available for GPS which supposedly makes it accurate within an inch which sounds like overkill when you are driving from Boston to Buffalo. I mean how many times do you need to know, to an inch of accuracy, which part of the MassPike you are on??!

But then I came up with something where this might have some real value, trying to find a lost phone or set of keys. If I could use a GPS locator to tell me that my phone is not just in my house but in the third drawer next to my hello kitty socks, that would be a service that I could see being incredibly helpful. Time to put a GPS tracker on everything I own...including my kids