Apps like this continue to propel the iPhone forwards. I really dont know if I ever want to use a video recorder without this ability ever again! Its a brilliant concept and super easy to use.
At a recent basketball game I was able to walk away with a device full of good clips and no fluff simply by:
1) Setting the precord dial to 8 seconds, anticipating the action and being prepared by tracking the subject with the camera.
2) Wait until a good play is made.
3) Press the record button. The app grabbed the previous 8 seconds of footage and continued recording live footage until I stopped it.
With a collection of clips gathered I was then able to toss them into one of the video editing apps offered in the app store (Splice and iMovie are the ones I use) and then with VERY LITTLE trimming required, create a highlight video.
Hopefully the next IPhone will include lens with optical zoom but no moving parts like my Panasonic Lumix camera. I could then make this my primary picture and video taking device!
Great App.. Get it now before it gets popular and the price goes up!!
Royce12 about Precorder: Video Camera for Unforgettable Moments