Vimeo, the online video community hosting site, has released version 2 of its free Cameo video editing app for the iPhone.
Yes, Cameo runs on a smartphone -- You can import and trim clips, add titles and soundtracks, and apply a visual movie-style theme.
Then upload and share in the cloud through Vimeo, Facebook, Tumblr, and Twitter.
Cameo is a little gem of an application for doing quick assemblies -- strong enough to use to assemble snazzy-looking results, but easy enough to use that you can do real editing on the fly -- or in the back seat of a car, or even in bed.
See more at Videomaker.com -- Cameo by Vimeo is the Real Deal: Video Editing on a Phone
Find Cameo in the iTunes store.