This is the first short movie shot and edited entirely on an iPhone that I have heard of, and the result is really not bad. Check it out yourself (Sadly, Vimeo only lets you share videos in Flash):

“Apple of My Eye” – an iPhone 4 film – UPDATE: Behind the scenes footage included from Michael Koerbel on Vimeo.

Isn’t it impressive?

Director Michael Koerbel of Makek Pictures notes that the short took 48 hours to create from start to finish.