ihound is an excellent software that helps you track and find stolen gadgets. Once downloaded and installed, it will alert you (via email) as soon as someone connects your device to another computer.

ihound Features
[Video] ihound Installation Guide (for text instructions go here)
Get ihound @ www.ihoundsoftware.com. For slightly more comprehensive (but non-free) alternative visit GadgetTrak.
Filed Under: Tags: gadgets, iphone, ipod, mobile, portable, tracking, windows | Categories: Privacy / Safety ¦ iPod / iPhone
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No mobile phones are listed as devices that work here.
It seems that this featue has been disabled.
Looks like the GadgetTrak site listed has support for mobile phones, according to the site: Windows Mobile, Symbian, Blackberry and Sony… no iPhone support though. Not free, but looking at their site and reviews in comparison to iHound you get what you pay for. I tried the iHound and could not get it to work (on Vista), it was blocked by the Windows firewall, anyone else have this problem? Supposedly the Gadget Track solution gets around firewalls, not sure though as I have not tried it yet. My iPod is old and crappy so don’t really need this, I am hoping someone steals it so I have an excuse for the wife to buy a new iPod Touch