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

I am big fan of cycorder video recorder. Recorder very well adds the missing feature of recording in iPhone 2G, 3G.
It really sucks at times when one records a video and try to play this and it displays a message that video can’t be played.
As of now there is no solution present as per my knowledge . There is some hope after seeing road map on Saurik’s site. It may take a month or two for the next release. So don’t delete your important videos, which are corrupted. You can be able to play them after a while .

There are few paid video recorder available in iPhone. I tried one of them but was not happy with the quality and it takes too much time in saving video to the disk. Recently I tried cycorder, which is available free of cost. I like this recorder as it doesn’t take time in saving video. Quality of recorded video is awesome. You can’t expect better quality than this in 2 M Pixel camera.
To install cycorder, you must have jailbroken iPhone which is running firmware 2.0 or above. Go to cydia search option and type cycorder. Now install it like you installed other packages using cydia.

Sometime I really feel unhappy about all the iPhone users. Poor guys don’t have a video recorder in iPhone. Being a very revolutionary and advance phone, It doesn’t have a video recorder. We have a second version of iPhone out in the market and still, the very important feature of recording video is missing. Thanks to 3rd party application developers. They have done written a video recorder for you. If you have installed cydia or installer, you can easily search iPhone Video Recorder and you’ll get it. This is not free software. You need to pay for it. If you want to use it for free then there is a crack available for it.
View this video and follow the instructions

Don’t forget to set the permission of newly copied file to 0755. To set permission of file in winSCP, right click on the file you want to update the permission, now click on properties. You’ll see a permission window. Update permission to new permissions. Click on ‘Ok’. Restart iPhone and you are ready with video recorder in iPhone. Enjoy!!!