What is interesting here is that the technology obviously works and Apple could have included something like it in the photo application. Why didn’t they? And will they in 2.0?
To install IPhone video Recorder add the following source to installer; http://www.iphone-recorder.com/install2. Refresh sources. Then look for "iphone video recorder" in the install section. As a 30 day trial you get to record 30 second videos.