The folks over at gioga23.com has found out about an unknown hidden feature of iPhone OS 3.1 (and 3.1.1 for iPod touch) which brings full video editing capabilities of iPhone 3GS to the original iPhone, iPhone 3G and iPod touch.

Apple has just released iPhone firmware 3.0.1 for iPhone, iPhone 3G and iPhone 3GS. This new update has been released in the wake of the recently demoed SMS exploit that could enable a hacker to remotely take over the victim’s iPhone. The official installation note from Apple about this security fix is as follows.