Objective-C doesn't have namespaces, and many (such as CocoaDevCentral's Cocoa Style Guide) recommend prefixing your class names with initials to avoid namespace collision.
Quoting from the above link:
Objective-C doesn't have namespaces, so prefix your class names with initials. This avoids "namespace collision," which is a situation where two pieces of code have the same name but do different things.
That makes sense, I suppose. But honestly, in the context of a relatively small app (say, an iPhone game), is this really an issue? Should I really rename MyViewController to ZPViewController? If not, at what point do namespace collisions really become a concern?