For the first time, you get a reason not to jail break iPhone 2G, 3G. Apple has approved iVideoCamera application (0.99$) for recording video on iPhone 2G and iPhone 3G.
iVideoCamera records 10 frames in a second having 320X426 resolution. video sharing is in build in the application. One can share recorded video easily
1. On popular websites like facebook, twitter, YouTube, Flicker Video, Vimeo
2. FTP video transfer
3. WiFi video transfer to a computer