Last month we introduced you to CallTell, a jailbreak application that tells you who’s calling before the phone starts ringing. Well, there’s a new app available in Cydia that does just this, and a little more.

iCallAnnounce will announce in a human voice the name of the caller you’re receiving a call from. Even better, it can also announce the full SMS details (Sender & Text) of an incoming SMS message in real time. How cool is that?

Note that iCallAnnounce only works with iPhone 3GS and iPhone 4. The volume must be set separately as it uses the volume from your iPod music.

Just like CallTell, iCallAnnounce is priced at $1.99 but gives you more features for your money. Might not be a bad investment. What do you think?