Donno if I'm the only one that just saw the Apple keynote, but Epic Games showed off some completely insane 3D stuff running on an iPhone 4.
http://www.joystiq.com/2010/09/01/proje ... from-epic/
Can't find a video of it, but I just played it myself. Basically looks as good as any current gen console games, complete with shaders and all, and it runs super smoothly. As much as I loved the idTech 5 stuff running on iPhone 4, this just blew it completely out of the water. Insane what phones can do these days.
I'll post a video once I find one.
EDIT: Low quality, but there:
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