In iOS 4.0 Apple has redesigned the backup process.
iTunes used to store a list of filenames associated with backup files in the Manifest.plist file, but in iOS 4.0 it has moved this information to a Manifest.mbdb
You can see an example of this file by making a backup with your iOS 4.0 devices and looking in your ~/Library/Application Support/MobileSync/Backup folder (Look inside the subfolders with the most recent date)
Here’s a screenshot of what the file looks like in a text editor:

(source: supercrazyawesome.com)
How do I parse this into a Cocoa application so that I can update my (free) iPhone Backup Extractor app (http://supercrazyawesome.com) for iOS 4.0?
Thank you, user374559 and reneD — that code and description is very helpful.
My stab at some Python to parse and print out the information in a Unix ls-l like format: