Hand Held Hollywood has a report from NAB 2010 on the Vericorder 1st Video app for the iPhone 3GS. It’s a full-featured non-linear editor for the device with a featureset that you simply must see to believe. Watch the video below.

NAB ’10 – Vericorder 1st Video from Hand Held Hollywood on Vimeo.

UPDATE: Fellow PVC contributor Scott Simmons has done a review of 1st Video and has additional information. Great stuff, check it out!