Yes the type of the animation used in the application is the Coverflow animation and this animation has two types. Both of those and many more can be found at iCarousel.
This is one open source control for iOS.
The author says
iCarousel is a class designed to simplify the implementation of
various types of carousel (paged, scrolling views) on iPhone, iPad and
Mac OS. iCarousel implements a number of common effects such as
cylindrical, flat and "CoverFlow" style carousels, as well as
providing hooks to implement your own bespoke effects. Unlike many
other "CoverFlow" libraries, iCarousel can work with any kind of view,
not just images, so it is ideal for presenting paged data in a fluid
and impressive way in your app. It also makes it extremely easy to
swap between different carousel effects with minimal code changes.
Supported OS & SDK Versions
Supported build target - iOS 5.1 / Mac OS 10.7 (Xcode 4.4.1, Apple LLVM compiler 4.0)
Earliest supported deployment target - iOS 4.3 / Mac OS 10.7
Earliest compatible deployment target - iOS 3.2 / Mac OS 10.6
And much many more supports and it is improved constantly over time.
Coverflow/Coverflow2:

Other supported animations:
