Not Bad, Could Improve
On the 3G it isnt bad, Wish recording/playback in landscape orientation was available. Also, I would give it 5+ stars if you were able to dim or even black-out the screen while recording. Would be the top video app hands down with those two updates.
>MwC< about
Record Video On iPhone 2G/3G - iCamcorder with 15FPS, Zoom and more Effects!, v2.0