CamCorder is an application available in the AppStore that will allow you to record video on the iPhone. It ‘has just been updated and so, in addition to supporting the iPhone 3Gs, now it allows you to record video even on the iPhone EDGE and 3G.
There is no time limit for video recording, and also the interface has been improved compared to previous version. To record videos, the app is using the same method discovered by the developers of UStream, which consists in recording all that is displayed on the screen.
If you have a jailbroken iDevice, we suggest you stick with Cycorder because it is a far better video recording solution for iPhone EDGE/3G. If you are interested in CamCorder, you can buy it from the appstore for $0.99