Lil' Kim must have hired a marketing firm because unlike previous missiles, the new missile's name is no longer some variant of "Dong" (with my favorite missile name being 'Nodong'). From TigerHawk:
The members of the House of Representatives who voted to outlaw planning for a military strike against Iran undoubtedly also want to outlaw thinking about the new and entirely uncooked intelligence report that North Korea and Iran have cooperated in the development of a new long-range ballistic missile capable of reaching Guam from North Korea:Named Musudan, the new missile was first made public on April 25 at a parade marking the anniversary of the foundation of the North Korean military. Sources in Washington had told Yonhap this week that South Korea and the U.S. were trying to verify an intelligence tip that Pyongyang may have tested the missile in Iran, a country suspected of having purchased North Korean missiles and of continuing technology sharing.
The more likely ultimate target may not, however, be in the western Pacific. Stratfor (sub. req.):If the Musudan was tested in Iran, perhaps during a series of missile tests earlier this year, it could indicate either a sales demonstration by Pyongyang or the testing of a system already sold to Tehran. The first is more likely, as there are no other signs that Pyongyang has successfully tested the Musudan to date. Either way, it would appear the new missile is intended not only to enhance the domestic security of North Korea, but also to create additional sources of cash -- which fits with previous North Korean missile sales and the renting out of its technicians, with all the implications of proliferation that brings.
With its estimated range of more 2000 miles, the Irans could not only hit Israel and the American bases in the Persian Gulf, but Cairo, Rome, and Berlin.
Not that we should plan for that, or anything.