OWLE Launches Bubo; Ultimate iPhone Video Rig

The Bubo comes standard with a hotshoe mount on top for LED lights, four tripod mounts and standard 37mm lens threading so that you can put your own lenses on it, in addition to the lens that the Bubo comes with.

It's been quite a journey since the first prototype of the Bubo -- Harold and Graham traveled to Yahoo!'s headquarters in Sunnyvale, Calif. for iPhoneDevCamp 3, where they won the iFund "Most Promising Startup" award.

I can't decide if this is awesome or awesomely ridiculous. Ok fine, if you are into shooting some serious video, it is awesome.