Abbas over at Tnerd shot a nice video with his iPhone 4 during the weekend. it’ll show you what kind of quality you can except. If you’d ask me I think it looks really great, a bit on the shaky side though.
Streets Of Chicago Through iPhone 4 – Awesome Camera [tnerd.com]

The quality is amazing, especially when you consider this is a phone for cryin’ out loud! It is pretty shaky alright, and of course the camera in the phone has no stabilization. I have seen some other video from the new phone elsewhere that looks more stable. There is a case designed to make video easier to shoot with a 3gs, and I’m sure they’ll come out with one for the new iPhone.
Totally agree with you Joe – really impressive! White balance is usually quite a big problem when shooting clear skies and sunlight, but it looks really good with the iPhone 4.
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