The iPhone has long been desperate for video recording capabilities, which the original camera and processor couldn’t handle. The iPhone 3GS, equipped with two video specific upgrades, turns out a decent video capture and pretty good color quality. A really cool feature that we like is in-phone editing. Here is a video we found that has pretty good overview of video editing on the iPhone.
Coming soon we will have in depth side-by-side analysis with the Palm Pre and Blackberry Storm.
The video on this camera is ok. I posted a link to some sample video I took outside my house.
http://www.flickr.com/photos/williamhook/3681604967/