iPhone 3G 3 Chipset 720p Recording, Real-time Video Conferencing Capable?

Engadget reports -- based on the tear-downs we've seen -- that the iPhone 3G S' ARM Cortex A8 processor is capable of a wee bit more than Apple has thus far enabled.
Currently running at 600MHz, it actually supports a top clock speed of 833MHz and here are the kickers: 720p video recording and real-time video conferencing.
We'll likely not see the clock speed ramped up for power-saving reasons, nor the video conferencing due to the lack of front-facing camera. But the 720p video recording?
Apple, flip the switch!
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Rene Ritchie is one of the most respected Apple analysts in the business, reaching a combined audience of over 40 million readers a month. His YouTube channel, Vector, has over 90 thousand subscribers and 14 million views and his podcasts, including Debug, have been downloaded over 20 million times. He also regularly co-hosts MacBreak Weekly for the TWiT network and co-hosted CES Live! and Talk Mobile. Based in Montreal, Rene is a former director of product marketing, web developer, and graphic designer. He's authored several books and appeared on numerous television and radio segments to discuss Apple and the technology industry. When not working, he likes to cook, grapple, and spend time with his friends and family.