Check out this great piece shot by @mkoerbel on an iPhone 4. It was edited on the iPhone 4 as well. This shows that if you have the goods, you can create anything on anything

 
“Apple of My Eye” - an iPhone 4 film
Shot and edited entirely on the iPhone 4 / iMovie App (in 48 hours)

Directed by Michael Koerbel
Produced by Eric Edmonds and Rebekah Koerbel
Written by Anna James and Michael Koerbel
Edited by Anna James
Production Design by Leigh Koerbel
Original Score Composed and Conducted by Corey Wallace

Starring Greta Charness and Timothy Guest  

Special thanks to
Allied Model Trains, Culver City, CA
Birns & Sawyer, Burbank, CA
Michael Rogers Greta’s parents