Lifelapse app promising to turn your iPhone into a life-logger

We've seen a few dedicated "life-logging" devices that let you record your every waking moment, but why spend a couple of hundred bucks on something when you're already carrying around a perfectly capable smartphone? That's the thinking of the folks behind the Lifelapse iPhone app which, like the Vicon Revue we've tested, promises to simply record a time-lapse video of your entire day -- they've even developed a "LifePouch" so you can conveniently wear your iPhone around your neck (no iPad version just yet). Unfortunately, the developers aren't offering a peek at the app itself just yet, but they are now accepting applications for those that wish to participate in the beta.