Polar Bear Farm announced the immediate availability of ShowTime 2.0 for the iPhone and iPhone 3G on Thursday. ShowTime adds the ability to record video with the iPhone's built-in camera, much like the iPhone 3GS.
The app records video at 6fps with 320 x 240 resolution, and audio at 16-bits and 22.05kHz. Videos are stores as Motion JPEG, and the app includes 5x digital zoom support, too.
ShowTime 2.0 is priced at US$0.99 and is available for download at Apple's iTunes-based App Store.