We stripped out the promotional banter and iPhone 3.0 stuff—most which applies to all iPhones—leaving behind 4 minutes dedicated to iPhone 3GS: Improved speed, auto-focus camera, video and video editing, voice command and compass. Full video @ [Apple]
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I wonder what made Apple decide against including the video recording feature with the 3.0 software update. The original iPhone and the iPhone 3G have had the ability to record video via jailbreak for a while now.