Although there are plenty of athletic armbands for the iPhone on the market, forearm-mounted solutions are much less common. Arkon's Forearm Holder for iPhone ($18) is one of the few that we've seen. Made of somewhat roughly cut neoprene, reflective strips, and a clear plastic window, it's generic enough to fit any generation of iPhone, or even an iPod touch. A storage pouch on the inside is well-suited for carrying cash or a house key, and cutouts…