I found a way to create a video using a program called Animoto. Using this app, you can create an animated video slide show from still photos you took with the iPhone camera. The program lets you create a short video with 10 pictures for free, or you can pay a reasonable fee to create longer videos with more pictures. You can even add royalty free music, and what you produce is a very slick video with a soundtrack.
The great thing about it is you can easily share videos with frenz via email or social networking sites like facebook,twitter or youtube...You just dont need to buy a new iPhone for capturing videos because this is really an app for it...
http://animoto.com/pricing
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