The iPhone OS 4.0 beta 3 is making quite a bit of noise ever since it was released to developers earlier this week. We covered a number of important features that we dug up in the beta, and now comes confirmation that iPhone 4G will likely record 720p video with resolution at 1280×720.

As we know from the Gizmodo iPhone 4G leak, the device does appear to have a larger camera lens, which doesn’t mean anything on its own, but combine that with newly supported HD resolution, the pieces do start to fall into place. What do you think? Will the iPhone 4G support 720p recording? Sound off in the comments below and let us know.