In question to the video capabilities of the iPhone 4 – Michael Koerbel’s short film, “Apple Of My Eye” is the first film that has fully been shot and edited entirely on the iPhone 4. Recorded in 720p and edited on device with the iMovie app (which sells for $4.99 in the App Store). The thing that impresses me the most about this is that the entire project cost only $103 and was shot and edited in 48hrs! This is to what I was referring to in the post below, on how such a tiny device can output such crisp quality. This alone should be why you should get one.