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It's great. I've used it a few times since last week... I hope the api gets integrated into the other twitter aps...

And I'm still hoping that someone writes an app that lets you convert in-phone and upload to a server/domain of your choosing - instead of youtube or a hosted service...
 
Seems like the Twitvid videos look about 10x better than the ones uploaded to YouTube from the phone.

Here's a vid I uploaded from the Green Day concert in Chicago last night, http://twitvid.com/6C735. Looks pretty good, but the little iPhone mic stood no chance against that band's wall of noise.
 
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