Animoto Videos Makes Instant Slideshow from Your Photos Right on the iPhone

Animoto has just launched a cool application for the iPhone on the App Store called Animoto Videos that you can download for free.

All you need to do is select 8 to 16 photos from your iPhone's camera roll, pick some music to play in the background and it will create an instant video (slideshow) for you of the selected photos which you can watch immediately on the iPhone or share via email with your friends and family.