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This is probably old news to many of you, but I sure am glad I found this adapter, which I just installed in my 08 Z06. It simultaneously charges and plays Ipod, Pandora, Tom Tom and other Iphone apps through the 30 pin connector (to aux in), gaining greatly improved sound quality in the process. If you are using an Iphone 4 be sure to get a compatible lighter/USB adapter, which Monoprice's current offering is not....
That looks EXACTLY like the ones I got. The 3.5 mini goes to the Aux in, the usb goes to a compatible lighter adapter (possibly switched) and the 30 pin obviously goes to the ipod/iphone. Your install is now complete. Jump on fleabay quick.