I am just testing the following code to round corners on UIImage:
- (UIImage *)makeRoundedImage:(UIImage *)image radius:(float)radius;
{
    CALayer *imageLayer = [CALayer layer];
    imageLayer.frame = CGRectMake(0, 0, image.size.width, image.size.height);
    imageLayer.contents = (id) image.CGImage;
    imageLayer.masksToBounds = YES;
    imageLayer.cornerRadius = radius;
    UIGraphicsBeginImageContext(image.size);
    [imageLayer renderInContext:UIGraphicsGetCurrentContext()];
    UIImage *roundedImage = UIGraphicsGetImageFromCurrentImageContext();
    UIGraphicsEndImageContext();
    return roundedImage;
}
I looks fine unless you look closely to generated image. Corners are not smooth. How can I make corners to be smoother/softer ?
EDIT:
Processed image with rounded corners in quartz:

Like you can see corner is not smooth.
This is version with UIImageView's cornerRadius that is much more smoother.

Where is the catch ?