Here is the official release note of Air Home Video:
Air Home Video can play any video in your Photos app, Camera Roll on iPhone and Saved Photos on iPad included. What’s great about Air Home Video is that you can then stream your videos to a new Apple TV 2G using AirPlay.Air Home Video is available through Cydia store via the BigBoss repository for $0.99. This is a must have app for your jailbroken devices! Enjoy your home-made videos from the moment you finish recording them!
You can now shoot a video on your phone, and without syncing it to your computer or hooking up to wires you may play it to network connected Apple TV 2G.
You can trim down videos to only view a portion of it. You can also select Low or High Quality streams. Low will compress quicker, but will, of course be a lower quality of video than High.
Enjoy your home videos as soon as they have been shot. They are, after all, yours; play them how you want, and where you want.
Of course you need a jailbroken device to install this app so you can follow our guide posted here to jailbreak iOS 4.2.1 or use Limera1n for iOS 4.1 jailbreak. [via iClarified]
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