With the new video features in AVFoundation that are included with iOS4, it is possible to access the raw video frames as they are captured by the camera by using AVCaptureVideoDataOutput.
I would like to overlay text and other information on top of these frames, then output them to a movie file which at some point will be saved to the asset library.
Unfortunately it doesn't appear that Apple has given us an easy way to save these frames to a movie file.
What are my options for saving the frames to a movie file that will be compatible with the asset library?
Is there any way to accomplish this using only the iPhone SDK?
If not, what third party libraries exist that are iPhone compatible and could be utilized to accomplish this?