I was wondering the possibility to create a web 2.0 app of sorts which talks to the camera, and takes a picture ever set interval, send that picture to the app which has a basic send/recieve function of sending that picture it takes in the intervals, and receives the images being sent from connected person. There would have to be some sort of acceptance/commencement in the first steps so that the are 2 iphones can initiate the connection and then start the video share session....basically creating a motion jpeg upload site that connects directly from phone to phone(the reason i say motion jpeg is that the site would have to save as much bandwidth as possible to make a seamless streaming connection, as well as i don't know if the iphone is capable of it considering it didn't ship with the ability to record videos). thank you very much for your time.

http://www.hackint0sh.org/forum/showthread.php?t=2617

or the linked article

http://gizmodo.com/gadgets/code-and-...ize-288691.php