Linkedin app to become the ultimate business card manager?

Yesterday LinkedIN announced a new iPhone app (getap.ps/linkedin). But for me the killer feature might just be the possibility to exchange your profile with another iPhone user.
This will certainly remind you of Bump (getap.ps/bump), the sequoia Backed startup that enables that too. Bump has 2 main advantages though: you can pass your details to someone who owns the app on an android Phone. They have also the ability to define profiles (not all contacts are business)
But this is a smart move by LinkedIN which has found a new good reason to be used on the iPhone