actually the app called "ShowTime" from the polar bear farm source (not sure which it is... visit polarbearfarm.com for more info) records video as well. and apparently if you unlock it, it breaks the 5-second limit on recordings. pair this app with iSpit (or SSH into your phone, which is imo harder than iSpit), and you can copy it to your computer. apparently there is a color issue, but at polar bear farm's website they have a converter that fixes color issues. hope this helps.
EDIT: By unlock, I mean donate to purchase a license key.