New features found in latest iPhone 3.0 Beta
A new finding should put to rest any doubts about whether or not Apple is planning to include video recording in future iPhones. The screenshot above, which was discovered in the latest iPhone 3.0 beta by macrumors, shows the interface Apple will provide for video recording.
The interface shows the normal iPhone camera interface but with a switch on the bottom right which toggles between still camera photography and video recording. The video recording is not presently functional in iPhone 3.0 beta, and the interface is not accessible by default. Only when configuration files were modified telling the firmware that a Video Camera was present will this interface appear.
Other interesting capabilities found in the configuration files include "auto-focus camera", "magnetometer" (digital compass), and "Voice Control".
Now the big question is will all this be backward compatible with the current iPhone 3G and original iPhone or will these new features be for a new model. My guess is a new model as to be honest to take advantage of any decent video quality a new camera is a must but we shall see.
via iPhonedocked and macrumors
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I definitely agree Chris. I think that the video will most likely be available only in the future models of the iPhone. It makes sense for a better experience to have better camera hardware than the current iPhones, and it would give incentive for people to upgrade.