According to the guys over at 9 to 5 Mac, a new and improved video recording functionality could be coming soon to iPhone users.
What it is going to be exactly is still up for debate, but among the coding for the mobile operating system iOS 7 is a section of code that could allow for recording at 120 frames per second. That’s pretty darned good.
More than likely this code will be used for the next generations of phones (iPhone 5S?) and won’t be functioning for iPhone 5 users–we’ll know for sure once a copyright infringement lawsuit is filed.