iFavorite is a free global internet bookmark manager. It allows to save favorites from any browser so that you can access the bookmarks from anywhere. The iPhone is very well supported by using iUI. Firefox 2.x, 3.0 and Internet Explorer 7.0 are well supported. You can add/edit/delete/rearrange favorites and folders.
Use a Gmail account to login.
Link: http://ifavorite.appspot.com/
This application is a web app, rather than one you buy in the iTunes Store. You may wish to read the following articles: