True Video Recording to the iPhone By ShowTime

ShowTime is a new application which captures and saves video at six frames per second, 320 x 627 resolution. Not as fast Drunknbass, but this one actually saves the video clips to the iPhone's flash memory as individual files. The application looks and feels polished, even if the recording format is weird and lacks compression.

Right now, the only problem is that the video is saved in a raw format, without compression, you won't be able to pass it to your computer and your recording time will be very limited by the onboard iPhone memory. Fortunately, they are working on the compression and the faster capture now.

Also check out the video(how to install and use) from here.