First iPhone 4 HD video hits Youtube

The lack of action in the video may not be spectacular, but any tidbits with "iPhone 4" involved somewhere are being gobbled up by fans everywhere. This is reportedly the first HD video shot with the iPhone 4's 720p capable onboard camera.

Considering it's a "phone camera," the quality looks pretty good with just a little skewing here and there. The iPhone 4 camera is definitely passable for checking out your kids playing in the park or catching a celebrity doing something naughty at a club.