Yesterday just found this terrain generator (Very good and free)

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mentalthink

HI yesterday I downloaded this terrrain Editor, works fantastic and do very very nice terrains...

Only a trick, when you export the mesh, go to Blender or another 3D Tool, and apply an optimizer modifer, you can drop down the polys a lot...

I do a 33.000 polys terrains and the iPad 1, runs, but a bit slowly...

http://www.bundysoft.com/L3DT/downloads/standard.php