iPhone 4 DSLR with OWLE Bubo & EnCinema Adapter

It seems too many people are busy not calling with their iPhone 4 that they’d rather use it for crazy things, like recording DSLR–like videos. These guys over at iPhone DSLR mated their iPhone 4 with the OWLE Bubo and an EnCinema 35mm Adapter to produce HD video from their franken–camera. A neat feat, though I doubt if it beats just getting a cheap Canon EOS–550D which offers better exposure control anyway.