This fantastic little montage video was made with animoto, a FREE online application. There is even an iphone app for it. The animoto site allows you to combine video clips and photos from various sources (iphone, camera, hardrive, etc…) to create beautiful little trailer-like videos. It is easy to add captions to your videos and share these videos through many venues such as myspace, email, and blogs and, again, it is FREE!
Animoto also hosts a great contest in which to enter your videos with awesome prizes and a trip to New York City. A pro version is available so unlimited length videos can be added to your professional websites with pre-licensed music, commercial licensing and no outside ads or animoto branding.
Go to http://animoto.com or download for your iphone/ipod from the App Store.