The lightweight, compact, agile, and easy to use Steadicam Smoothee™ features an innovative, patented design built around a durable mono-frame metal structure that requires no complicated instruction to use. With its “go anywhere” compact dimensions, the Steadicam Smoothee™ is approximately 8”W x 14.5” H x 2.5” D (20.3 x 36.8 x 6.4cm) in operating configuration
But the iPhone? Seriously? Of course, in a year or two, the iPhone will probably be capturing 1080p....
[UPDATE] Though the press release doesn't mention it, from the video below it appears that the device will work with the Flip and Motorola Droid, and maybe other cameras later.
No word of price, it's expected in the spring.