Is this the future of the mobile production studio?

Made on an iPhone 4.

Awesome. This was spawned from an iPhone movie contest. Watching these kids make something that rivals work from a traditional DV cam (in HD 720p mind you), makes me wonder the possibilities of near future mobile editing/filmmaking.

Once Red Giant drops Magic Bullet “Looks” for iPhone 5 (sneak a peek a Plastic Bullet for iPhone 4)… look out DV!.

Could this be the future tool for the Discovery Channel, “Man Vs.”?

With the amount of apps coming out (video editing, music creation, video upload, etc) + GPS/accelerometer capabilities… I can imagine full documentary style shows being produced solely on the mini production studio known as the iPhone.

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