The iPhone Handles 1080P Video Just Fine

Logically speaking, it shouldn't be a huge surprise. But a friend in the industry told us that they've seen H.264 1080P video playing on the iPhone, quite a few times, with no problems at all. Of course, the resolution is absurd overkill for the system's screen, but what's this mean in light of the purported » 9/04/08 3:00pm 9/04/08 3:00pm iTunes 8…