I shot, edited (titles and transitions) and uploaded this video from my iPhone. I used ReelDirector for the editing. This is my first attempt but it was way easy to use. 
The video was shot on the iPhone, edited on the iPhone and e-mailed to YouTube for uploading. It’s five short stiched-together videos (which I was able to trim when I imported them) with some text at the beginning and end. I used the same transition (blur) for all the transitions since it was easy to use (you can customize this per transition). You can rearrange the videos once they are in there, but I pretty much picked them in the order that I wanted them in.
This is from the balloon festival from a few months ago. The first speaker is me talking as I shot it. The rest is whatever voiceover was going on at the time. Nothing fancy at all.
Direct link to the video is here.
I didn’t time it, but I’d guess it was about three or four minutes (on the iPhone 3gs 3.01 OS) to stitch and build the one minute video. My biggest complaint is I couldn’t extend the time for the titles and credits and the time is too short). I also wish I could have inserted some photos too (but then there wouldn’t have been audio behind it). The strangest thing was that it didn’t save the video back to the phone, I didn’t see any way to get it out of the program other than e-mailing it to myself (or YouTube) but that worked fine (the iTunes page says this works in 3.1). it’s very cool software but it’s a little pricy at $7.99 for $3.99 (since iMovie came out); I used an iTunes gift card that I got last month for my birthday which made the (old $7.99 price) a bit more digestible…
