To add on, the cones on the Dassault Mirage 2000 (aircraft on the top photo) are called Mice (a mouse) and are retractable, in subsonic regime, its as aft as it can get to maximize the surface of the inlet. when it goes supersonic, the mouse comes out so that the Mach cone (shock-wave) generated by the nose of the mouse matches the lip of the inlet (a bit like the SR71 on Krwalsh's link). When the Mach number increases, the mach cone angle reduces, so the mouse goes out even more to match that angle, and also to reduce the surface of the inlet (you also lose 4400lbs of thrust in that process out of 21400lbs total)
see this for the boundary layer suppressor:
http://www.airliners.net/photo/Greece---Air/Dassault-Mirage-2000BG/1512069/L/&sid=63c0f0d8ca07a97ff6cc83d790e1e014
Some other aircraft similar (Dassault Super Étendard) had no mice.
Basicaly, you will lose surface if you ad a mouse to your inlet, making the inlet bigger for the same surface, thus making more drag... but i agree it looks good