ProLost has an interesting idea for an iPhone software/accessory. As you may have heard today, Apple had a press event to discuss the upcoming iPhone 3.0 software. One of the features is the ability to access devices through the dock connector. Imagination went wild:

The idea is that someone could manufacture an HDMI-to-Dock Connector accessory to monitor footage in the field. (I love the addition of lens settings & RGB waveform, by the way.)

However, while I don't want to rain on anyone's parade, I'm pretty sure this isn't quite possible. I doubt the iPhone hardware is capable of crunching HD video. But perhaps that hardware accessory itself could crunch the video down to iPod friendly 480x360 h.264 video on the fly? With the ability for the on-screen controls to send commands to the accessory to show pixel-pixel video (with paning, of course) for a focus aide?

Actually, hot damn! That does sound like an awesome idea!