iPhone 3.0 Video Recording

We have found out in 3.0 beta 2, that the iPhone will have a video recording application. This could replace the Cycorder in cydia, or for some 3G users Video Recorder 3G. It has been finally confirmed by a Developer with this screenshot of it in action! This will be great for the next iPhone, which has said to have a 3.2 megapixel camera.