I'd crack an iPhone for a finished version of this

Especially if it would post directly to YouTube. It can't be long before Apple provide this functionality directly though.

Slashdot | Hack Turns iPhone Camera Into HD Camcorder:

'While the iPhone's 2.0 megapixel camera resolution may be mediocre for a still camera, it is excellent resolution for a consumer video camera.' A standard definition Canon digital camcorder uses a 680K pixel sensor chip (because a standard definition TV's resolution is only 520 x 360), while one of Canon's HD camcorders uses a 2.9 megapixel sensor. The beta presently allows 5 second clips at 10 frames per second, but the finished version will soon allow infinite recording at 45 frames per second.

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