Video of my niece, Christmas morningShot and edited by me, entirely using the iphone 4, iPhone 4 Zoom Lens, and the Iphone iMovie app.
Check out the Iphone 4 Zoom Lens
It turns out the front cam on the iphone 4 records better with vibration. Last night i did a test with the iphone back cam (720p) but the vibration rendered it useless. Although the front cam shots VGA minus vibration blur, it actually looks pretty good, and i was impressed with the audio as well.